Barings Corporate Investors (MCI) Given Daily Media Impact Score of 0.09
Headlines about Barings Corporate Investors (NYSE:MCI) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barings Corporate Investors earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.9148751305555 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Barings Corporate Investors (NYSE MCI) opened at 16.10 on Tuesday. The company has a 50-day moving average of $15.36 and a 200 day moving average of $15.22. Barings Corporate Investors has a one year low of $14.52 and a one year high of $19.76.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were paid a $0.30 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.45%.
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In other news, insider Robert David Erwin sold 3,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $15.17, for a total value of $45,510.00. Following the sale, the insider now owns 4,593 shares in the company, valued at $69,675.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward P. Grace III acquired 1,900 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was acquired at an average price 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 $154,200. The disclosure for this purchase can be found here. Insiders sold 6,643 shares of company stock worth $100,686 in the last quarter. 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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