Dumont & Blake Investment Advisors LLC Sells 35,961 Shares of Barings Corporate Investors (NYSE:MCI)

Dumont & Blake Investment Advisors LLC decreased its position in Barings Corporate Investors (NYSE:MCI - Free Report) by 78.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,163 shares of the financial services provider's stock after selling 35,961 shares during the quarter. Dumont & Blake Investment Advisors LLC owned 0.05% of Barings Corporate Investors worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in Barings Corporate Investors by 112.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,463 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Barings Corporate Investors by 3.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider's stock valued at $1,233,000 after purchasing an additional 1,989 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Barings Corporate Investors by 21.7% in the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 2,320 shares during the last quarter. Invesco Ltd. raised its holdings in Barings Corporate Investors by 1.8% during the 4th quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock valued at $3,455,000 after buying an additional 3,029 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in Barings Corporate Investors by 16.3% in the fourth quarter. Benjamin Edwards Inc. now owns 35,171 shares of the financial services provider's stock worth $717,000 after buying an additional 4,923 shares during the last quarter.

Barings Corporate Investors Stock Down 6.4%

NYSE MCI traded down $1.33 on Monday, hitting $19.53. 82,811 shares of the stock were exchanged, compared to its average volume of 36,165. Barings Corporate Investors has a 52-week low of $16.91 and a 52-week high of $25.24. The stock has a fifty day moving average price of $20.74 and a two-hundred day moving average price of $20.66.

Barings Corporate Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.19%.

Insider Activity at Barings Corporate Investors

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $227,100. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by insiders.

Barings Corporate Investors Profile

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.