Barings Corporate Investors (MCI) Earning Somewhat Favorable Media Coverage, Study Finds
Media stories about Barings Corporate Investors (NYSE:MCI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barings Corporate Investors earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.6775290808079 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Barings Corporate Investors (NYSE:MCI) traded down $0.42 during midday trading on Wednesday, reaching $15.51. The company had a trading volume of 28,700 shares, compared to its average volume of 22,900. Barings Corporate Investors has a twelve month low of $14.52 and a twelve month high of $17.89.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, October 30th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.74%. The ex-dividend date was Friday, October 27th.
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In other news, insider Robert Eugene Joyal sold 10,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $15.62, for a total transaction of $156,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan B. Sweeney purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $15.80 per share, with a total value of $55,300.00. Following the purchase, the insider now directly owns 6,980 shares in the company, valued at approximately $110,284. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.
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.
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