Sky Investment Group LLC Lowers Stock Holdings in Barings Corporate Investors (NYSE:MCI)

Sky Investment Group LLC decreased its position in shares of Barings Corporate Investors (NYSE:MCI) by 0.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,939 shares of the financial services provider’s stock after selling 550 shares during the quarter. Sky Investment Group LLC’s holdings in Barings Corporate Investors were worth $3,983,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of Barings Corporate Investors by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,463 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Barings Corporate Investors during the 4th quarter valued at $206,000. Fiduciary Trust Co purchased a new position in shares of Barings Corporate Investors during the 4th quarter valued at $204,000. StoneX Group Inc. purchased a new position in shares of Barings Corporate Investors during the 4th quarter valued at $204,000. Finally, LPL Financial LLC lifted its stake in shares of Barings Corporate Investors by 21.7% during the 4th quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider’s stock valued at $265,000 after buying an additional 2,320 shares in the last quarter.

Insiders Place Their Bets

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total value of $227,100.00. Following the sale, the insider now owns 10,000 shares in the company, valued at $227,100. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Barings Corporate Investors Stock Performance

MCI opened at $20.82 on Friday. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $25.24. The firm’s fifty day moving average is $20.27 and its 200 day moving average is $20.63.

Barings Corporate Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 7.68%. The ex-dividend date is Friday, May 30th.

About Barings Corporate Investors

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.