Barings LLC Buys Shares of 219,664 Barings Corporate Investors (MCI)

Barings LLC bought a new position in Barings Corporate Investors (NYSE:MCI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 219,664 shares of the financial services provider’s stock, valued at approximately $3,468,000. Barings LLC owned 1.11% of Barings Corporate Investors as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Barings Corporate Investors by 8.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 49,931 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 3,821 shares in the last quarter. Curbstone Financial Management Corp increased its holdings in shares of Barings Corporate Investors by 100.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 350,772 shares of the financial services provider’s stock valued at $5,539,000 after purchasing an additional 176,211 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of Barings Corporate Investors by 36.9% in the 2nd quarter. Wedbush Securities Inc. now owns 26,340 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 7,100 shares in the last quarter. Huntington National Bank purchased a new position in shares of Barings Corporate Investors in the 3rd quarter valued at about $190,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Barings Corporate Investors by 15.0% in the 2nd quarter. Wells Fargo & Company MN now owns 9,636 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors own 10.76% of the company’s stock.

Shares of Barings Corporate Investors (MCI) traded up $0.17 on Friday, hitting $15.60. 14,140 shares of the stock were exchanged, compared to its average volume of 23,010. Barings Corporate Investors has a 1-year low of $14.52 and a 1-year high of $16.46.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, October 30th were issued a $0.30 dividend. The ex-dividend date was Friday, October 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.69%.

In related news, insider Susan B. Sweeney purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $55,300.00. Following the acquisition, the insider now directly owns 6,980 shares of the company’s stock, valued at approximately $110,284. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

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About Barings Corporate Investors

Barings Corporate Investors (the Trust), formerly Babson Capital Corporate Investors, is a closed-end management investment company. The Trust’s investment objective is to maintain a portfolio of securities providing a fixed yield and at the same time offering an opportunity for capital gains. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations.

Institutional Ownership by Quarter for Barings Corporate Investors (NYSE:MCI)

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