Curbstone Financial Management Corp trimmed its position in shares of Barings Corporate Investors (NYSE:MCI) by 49.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 177,286 shares of the financial services provider’s stock after selling 173,486 shares during the period. Barings Corporate Investors accounts for 1.5% of Curbstone Financial Management Corp’s holdings, making the stock its 14th largest position. Curbstone Financial Management Corp’s holdings in Barings Corporate Investors were worth $2,705,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Barings LLC purchased a new position in Barings Corporate Investors during the 3rd quarter valued at about $3,468,000. Wells Fargo & Company MN boosted its holdings in Barings Corporate Investors by 113.1% during the 3rd quarter. Wells Fargo & Company MN now owns 20,536 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 10,900 shares during the period. Advisor Group Inc. boosted its holdings in Barings Corporate Investors by 163.3% during the 3rd quarter. Advisor Group Inc. now owns 6,450 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 4,000 shares during the period. Huntington National Bank purchased a new position in Barings Corporate Investors during the 3rd quarter valued at about $190,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Barings Corporate Investors by 8.3% during 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 acquiring an additional 3,821 shares during the period. Institutional investors own 10.70% of the company’s stock.
Shares of Barings Corporate Investors (NYSE MCI) traded down $0.16 during trading on Monday, reaching $15.32. The company had a trading volume of 8,470 shares, compared to its average volume of 25,400. Barings Corporate Investors has a 12 month low of $14.55 and a 12 month high of $16.36.
In related news, insider Susan B. Sweeney acquired 3,500 shares of the firm’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 purchase, the insider now owns 6,980 shares of the company’s stock, valued at approximately $110,284. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.
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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.
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