Barings Corporate Investors (NYSE:MCI) Insider Edward P. Grace III Buys 2,800 Shares of Stock

Barings Corporate Investors (NYSE:MCI – Get Rating) insider Edward P. Grace III purchased 2,800 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were acquired at an average cost of $13.84 per share, for a total transaction of $38,752.00. Following the completion of the transaction, the insider now owns 35,000 shares of the company’s stock, valued at approximately $484,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Barings Corporate Investors Stock Up 5.0 %

NYSE:MCI opened at $14.41 on Tuesday. Barings Corporate Investors has a 52 week low of $12.43 and a 52 week high of $14.88. The firm’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $13.87.

Barings Corporate Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 31st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 8.88%. This is a positive change from Barings Corporate Investors’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, May 30th.

Hedge Funds Weigh In On Barings Corporate Investors

A number of hedge funds have recently bought and sold shares of the business. BHK Investment Advisors LLC increased its position in Barings Corporate Investors by 6.2% during the first quarter. BHK Investment Advisors LLC now owns 345,281 shares of the financial services provider’s stock worth $4,886,000 after acquiring an additional 20,204 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Barings Corporate Investors by 23.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 193,676 shares of the financial services provider’s stock valued at $2,704,000 after buying an additional 36,563 shares during the period. Morgan Stanley increased its holdings in Barings Corporate Investors by 0.9% in the 4th quarter. Morgan Stanley now owns 130,643 shares of the financial services provider’s stock valued at $1,824,000 after buying an additional 1,113 shares during the period. UBS Group AG increased its position in Barings Corporate Investors by 4.6% during the 4th quarter. UBS Group AG now owns 119,126 shares of the financial services provider’s stock worth $1,663,000 after purchasing an additional 5,265 shares in the last quarter. Finally, TSP Capital Management Group LLC lifted its stake in shares of Barings Corporate Investors by 2.4% in the 4th quarter. TSP Capital Management Group LLC now owns 88,610 shares of the financial services provider’s stock valued at $1,237,000 after acquiring an additional 2,112 shares during the last quarter.

Barings Corporate Investors Company Profile

(Get Rating)

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.