Barings Corporate Investors (NYSE:MCI) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its position in shares of Barings Corporate Investors (NYSE:MCI) by 1.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,110 shares of the financial services provider’s stock after buying an additional 702 shares during the period. Benjamin F. Edwards & Company Inc. owned about 0.23% of Barings Corporate Investors worth $696,000 as of its most recent SEC filing.

Shares of Barings Corporate Investors (NYSE MCI) opened at 16.181 on Friday. The company’s 50 day moving average is $15.48 and its 200-day moving average is $15.25. Barings Corporate Investors has a 52 week low of $14.52 and a 52 week high of $19.50.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Friday, July 28th.

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In other Barings Corporate Investors news, insider Robert David Erwin sold 3,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $15.17, for a total value of $45,510.00. Following the transaction, the insider now owns 4,593 shares of the company’s stock, valued at $69,675.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward P. Grace III bought 1,900 shares of the business’s stock in a transaction on Monday, July 24th. The stock was bought at an average cost of $15.42 per share, for a total transaction of $29,298.00. Following the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $154,200. The disclosure for this purchase can be found here. In the last quarter, insiders sold 6,643 shares of company stock worth $100,686. 1.00% of the stock is owned by company insiders.

Barings Corporate Investors Company Profile

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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