Klingman & Associates LLC raised its position in shares of Barings Corporate Investors (NYSE:MCI) by 42.4% during the fourth quarter, Holdings Channel reports. The fund owned 17,800 shares of the financial services provider’s stock after buying an additional 5,300 shares during the quarter. Klingman & Associates LLC’s holdings in Barings Corporate Investors were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCI. Wells Fargo & Company MN boosted its position in Barings Corporate Investors by 15.0% during the second quarter. Wells Fargo & Company MN now owns 9,636 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,255 shares during the last quarter. Curbstone Financial Management Corp boosted its position in Barings Corporate Investors by 100.9% during the third quarter. Curbstone Financial Management Corp now owns 350,772 shares of the financial services provider’s stock valued at $5,539,000 after acquiring an additional 176,211 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Barings Corporate Investors by 8.3% during the third 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 last quarter. Huntington National Bank bought a new stake in Barings Corporate Investors during the third quarter valued at $190,000. Finally, Advisor Group Inc. boosted its position in Barings Corporate Investors by 163.3% during the third 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 last quarter. 9.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Barings Corporate Investors (NYSE:MCI) opened at $15.01 on Monday. Barings Corporate Investors has a 1 year low of $14.55 and a 1 year high of $16.36.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.99%.

In related news, insider Michael Harlan Brown acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were bought at an average price of $14.97 per share, with a total value of $29,940.00. Following the transaction, the insider now directly owns 23,948 shares of the company’s stock, valued at $358,501.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Susan B. Sweeney acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of $15.80 per share, for a total transaction of $55,300.00. Following the transaction, the insider now directly owns 6,980 shares in the company, valued at $110,284. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Barings Corporate Investors (NYSE:MCI)

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