Barings Corporate Investors (MCI) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its position in Barings Corporate Investors (NYSE:MCI) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,636 shares of the financial services provider’s stock after acquiring an additional 1,255 shares during the quarter. Wells Fargo & Company MN’s holdings in Barings Corporate Investors were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its stake in Barings Corporate Investors by 36.9% in the second quarter. Wedbush Securities Inc. now owns 26,340 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 7,100 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Barings Corporate Investors by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 46,110 shares of the financial services provider’s stock valued at $696,000 after acquiring an additional 702 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in Barings Corporate Investors by 6.7% in the second quarter. ST Germain D J Co. Inc. now owns 15,961 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Barings Corporate Investors by 3.0% in the second quarter. Oppenheimer & Co. Inc. now owns 101,708 shares of the financial services provider’s stock valued at $1,535,000 after acquiring an additional 2,983 shares during the last quarter. 10.23% of the stock is currently owned by institutional investors and hedge funds.
In related 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 value of $156,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan B. Sweeney bought 3,500 shares of Barings Corporate Investors stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost 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 $110,284. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Barings Corporate Investors (MCI) opened at $15.58 on Friday. Barings Corporate Investors has a 12 month low of $14.52 and a 12 month high of $16.81.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, October 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $1.20 dividend on an annualized basis and a yield of 7.70%.
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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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