Janney Montgomery Scott LLC Takes $2.33 Million Position in Barings Corporate Investors (NYSE:MCI)

Janney Montgomery Scott LLC purchased a new position in shares of Barings Corporate Investors (NYSE:MCI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,408 shares of the financial services provider's stock, valued at approximately $2,330,000. Janney Montgomery Scott LLC owned 0.49% of Barings Corporate Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Barings Corporate Investors in the 4th quarter worth about $1,027,000. Bank of America Corp DE lifted its holdings in shares of Barings Corporate Investors by 108.3% during the 4th quarter. Bank of America Corp DE now owns 33,917 shares of the financial services provider's stock valued at $691,000 after buying an additional 17,637 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Barings Corporate Investors in the 4th quarter valued at approximately $206,000. Jones Financial Companies Lllp increased its holdings in Barings Corporate Investors by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock worth $56,000 after buying an additional 1,463 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in 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 buying an additional 2,320 shares during the last quarter.

Barings Corporate Investors Price Performance

NYSE MCI traded down $0.23 during trading on Friday, reaching $21.27. The company's stock had a trading volume of 17,273 shares, compared to its average volume of 36,775. Barings Corporate Investors has a 1-year low of $16.91 and a 1-year high of $25.24. The business has a 50-day moving average price of $20.27 and a 200-day moving average price of $20.72.

Barings Corporate Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Friday, May 30th.

Insider Activity at Barings Corporate Investors

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the firm'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. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by company insiders.

Barings Corporate Investors Company 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.