Harvest Capital Management Inc Has $2.52 Million Position in Barings Corporate Investors (MCI)

Harvest Capital Management Inc cut its stake in Barings Corporate Investors (NYSE:MCI) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,885 shares of the financial services provider’s stock after selling 4,548 shares during the quarter. Barings Corporate Investors comprises approximately 1.0% of Harvest Capital Management Inc’s holdings, making the stock its 22nd largest holding. Harvest Capital Management Inc owned approximately 0.83% of Barings Corporate Investors worth $2,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. lifted its position in Barings Corporate Investors by 163.3% in the third quarter. Advisor Group Inc. now owns 6,450 shares of the financial services provider’s stock worth $102,000 after buying an additional 4,000 shares during the last quarter. Wells Fargo & Company MN lifted its position in Barings Corporate Investors by 15.0% in the second quarter. Wells Fargo & Company MN now owns 9,636 shares of the financial services provider’s stock worth $146,000 after buying an additional 1,255 shares during the last quarter. Huntington National Bank bought a new stake in Barings Corporate Investors in the third quarter worth $190,000. Benjamin F. Edwards & Company Inc. lifted its position in Barings Corporate Investors by 8.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 49,931 shares of the financial services provider’s stock worth $788,000 after buying an additional 3,821 shares during the last quarter. Finally, Barings LLC bought a new stake in Barings Corporate Investors in the third quarter worth $3,468,000. Institutional investors own 10.70% of the company’s stock.

In other Barings Corporate Investors news, insider Susan B. Sweeney bought 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average cost of $15.80 per share, for a total transaction of $55,300.00. Following the completion of the transaction, the insider now owns 6,980 shares in the company, valued at $110,284. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Shares of Barings Corporate Investors (MCI) opened at $15.48 on Thursday. Barings Corporate Investors has a 52-week low of $14.55 and a 52-week high of $16.36.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 7.75%.

TRADEMARK VIOLATION NOTICE: “Harvest Capital Management Inc Has $2.52 Million Position in Barings Corporate Investors (MCI)” was originally reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.themarketsdaily.com/2018/01/11/harvest-capital-management-inc-has-2-52-million-position-in-barings-corporate-investors-mci.html.

Barings Corporate Investors 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.

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

Receive News & Ratings for Barings Corporate Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings Corporate Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply