Barings Corporate Investors (NYSE:MCI) Stake Lessened by Klingman & Associates LLC

Klingman & Associates LLC trimmed its position in shares of Barings Corporate Investors (NYSE:MCI) by 37.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,100 shares of the financial services provider’s stock after selling 6,700 shares during the period. Klingman & Associates LLC’s holdings in Barings Corporate Investors were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in Barings Corporate Investors in the 2nd quarter valued at about $50,000. Commonwealth Equity Services LLC grew its stake in Barings Corporate Investors by 36.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 99,884 shares of the financial services provider’s stock valued at $1,563,000 after buying an additional 26,639 shares during the last quarter. Sky Investment Group LLC grew its stake in Barings Corporate Investors by 8.6% in the 2nd quarter. Sky Investment Group LLC now owns 168,753 shares of the financial services provider’s stock valued at $2,641,000 after buying an additional 13,350 shares during the last quarter. Curbstone Financial Management Corp grew its stake in Barings Corporate Investors by 6.4% in the 2nd quarter. Curbstone Financial Management Corp now owns 351,916 shares of the financial services provider’s stock valued at $5,507,000 after buying an additional 21,170 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in Barings Corporate Investors by 35.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 23,377 shares of the financial services provider’s stock valued at $361,000 after buying an additional 6,171 shares during the last quarter. Institutional investors and hedge funds own 11.07% of the company’s stock.

Shares of MCI opened at $16.20 on Friday. Barings Corporate Investors has a 52 week low of $14.70 and a 52 week high of $16.72. The firm has a 50-day moving average of $15.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 7.41%.

Barings Corporate Investors Company Profile

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.

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

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