Barings Corporate Investors (NYSE:MCI) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Barings Corporate Investors shares moved above their 50-day moving average, reaching $18.72 before last trading at $18.5950. The 50-day and 200-day averages were $18.25 and $17.71, respectively.
• The company paid a quarterly dividend of $0.40 per share, representing $1.60 annualized and an approximate 8.6% yield.
• Several institutional investors increased their positions in MCI, while the company continues investing in privately placed debt and equity securities of middle-market businesses.

Barings Corporate Investors (NYSE:MCI - Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $18.25 and traded as high as $18.72. Barings Corporate Investors shares last traded at $18.5950, with a volume of 22,322 shares traded.

Barings Corporate Investors Price Performance

The business's 50-day moving average is $18.25 and its two-hundred day moving average is $17.71.

Barings Corporate Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.60 annualized dividend and a yield of 8.6%.

Hedge Funds Weigh In On Barings Corporate Investors

Large investors have recently modified their holdings of the business. World Investment Advisors raised its holdings in Barings Corporate Investors by 2.1% during the fourth quarter. World Investment Advisors now owns 40,606 shares of the financial services provider's stock worth $737,000 after acquiring an additional 838 shares in the last quarter. Whipplewood Advisors LLC boosted its position in Barings Corporate Investors by 40.3% during the second quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 1,060 shares during the last quarter. Sky Investment Group LLC boosted its position in Barings Corporate Investors by 0.9% during the first quarter. Sky Investment Group LLC now owns 170,289 shares of the financial services provider's stock valued at $2,936,000 after purchasing an additional 1,500 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in Barings Corporate Investors in the second quarter valued at approximately $50,000. Finally, TSP Capital Management Group LLC grew its stake in Barings Corporate Investors by 5.4% in the second quarter. TSP Capital Management Group LLC now owns 86,732 shares of the financial services provider's stock valued at $1,523,000 after purchasing an additional 4,446 shares in the last quarter.

About Barings Corporate Investors

Barings Corporate Investors NYSE: MCI is a closed-end investment company that seeks to provide shareholders with current income and long-term capital appreciation. The company invests primarily in privately placed, negotiated investments in middle-market companies, including senior secured loans, subordinated debt and equity securities.

MCI focuses on partnering with established businesses across a range of industries. Its investment portfolio may include both debt and equity positions, allowing the company to participate in the financing and growth of privately held and other middle-market enterprises.

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