Barings Corporate Investors (MCI) Receiving Somewhat Positive Press Coverage, Study Shows
News stories about Barings Corporate Investors (NYSE:MCI) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barings Corporate Investors earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.1666834189879 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Barings Corporate Investors (MCI) opened at 15.59 on Friday. Barings Corporate Investors has a 52-week low of $14.52 and a 52-week high of $19.31. The firm has a 50 day moving average of $15.70 and a 200-day moving average of $15.33.
The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were issued a $0.30 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.20 annualized dividend and a dividend yield of 7.70%.
In related news, insider Edward P. Grace III acquired 1,900 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $15.42 per share, for a total transaction of $29,298.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $154,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert David Erwin sold 2,593 shares of Barings Corporate Investors stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $15.14, for a total transaction of $39,258.02. Following the sale, the insider now owns 1,093 shares of the company’s stock, valued at approximately $16,548.02. The disclosure for this sale can be found here. Insiders have sold a total of 15,593 shares of company stock valued at $240,968 in the last quarter. 1.00% of the stock is currently owned by company insiders.
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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.
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