Curbstone Financial Management Corp Has $5.54 Million Position in Barings Corporate Investors (NYSE:MCI)

Curbstone Financial Management Corp lessened its stake in shares of Barings Corporate Investors (NYSE:MCI) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,836 shares of the financial services provider’s stock after selling 15,800 shares during the period. Barings Corporate Investors accounts for about 1.3% of Curbstone Financial Management Corp’s portfolio, making the stock its 18th biggest position. Curbstone Financial Management Corp’s holdings in Barings Corporate Investors were worth $5,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in shares of Barings Corporate Investors by 4.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,346 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 870 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in Barings Corporate Investors by 20.4% during the first quarter. Cetera Advisor Networks LLC now owns 24,905 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 4,216 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Barings Corporate Investors in the 1st quarter valued at $183,000. Bank of America Corp DE increased its stake in shares of Barings Corporate Investors by 3.3% in the 1st quarter. Bank of America Corp DE now owns 43,317 shares of the financial services provider’s stock valued at $660,000 after purchasing an additional 1,402 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Barings Corporate Investors during the 2nd quarter worth $27,000.

Barings Corporate Investors Stock Down 0.6 %

NYSE MCI traded down $0.10 during trading on Thursday, hitting $15.47. 30,001 shares of the company’s stock were exchanged, compared to its average volume of 29,895. Barings Corporate Investors has a fifty-two week low of $12.43 and a fifty-two week high of $16.10. The stock’s 50 day moving average price is $15.23 and its two-hundred day moving average price is $14.52.

Barings Corporate Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 25th. This is an increase from Barings Corporate Investors’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 9.05%.

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.