Dumont & Blake Investment Advisors LLC decreased its position in Barings Corporate Investors (NYSE:MCI - Free Report) by 78.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 about 0.05% of Barings Corporate Investors worth $238,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Round Rock Advisors LLC bought a new stake in Barings Corporate Investors during the fourth quarter worth approximately $384,000. Raymond James Financial Inc. bought a new position in Barings Corporate Investors in the 4th quarter worth $1,027,000. Sanctuary Advisors LLC acquired a new position in Barings Corporate Investors during the 4th quarter worth $206,000. Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 1,463 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Barings Corporate Investors by 21.7% in the fourth quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock worth $265,000 after purchasing an additional 2,320 shares during the period.
Insiders Place Their Bets
In related news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total transaction of $227,100.00. Following the transaction, the insider now directly 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 legal filing with the SEC, which is available at this link. Company insiders own 1.08% of the company's stock.
Barings Corporate Investors Price Performance
Shares of NYSE MCI traded up $0.31 during trading hours on Wednesday, hitting $19.65. 16,495 shares of the company's stock were exchanged, compared to its average volume of 36,026. The company's 50-day moving average price is $20.65 and its 200-day moving average price is $20.65. Barings Corporate Investors has a 1-year low of $16.91 and a 1-year high of $25.24.
Barings Corporate Investors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 8.14%.
Barings Corporate Investors Company Profile
(
Free Report)
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.
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