Barings Corporate Investors (NYSE:MCI) Insider Sells $227,100.00 in Stock

Barings Corporate Investors (NYSE:MCI) insider Edward P. Grace III sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 10,000 shares in the company, valued at approximately $227,100. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Barings Corporate Investors Stock Up 2.1 %

NYSE MCI opened at $22.66 on Friday. Barings Corporate Investors has a 1 year low of $16.91 and a 1 year high of $25.24. The company has a fifty day simple moving average of $21.35 and a 200 day simple moving average of $20.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new position in shares of Barings Corporate Investors in the third quarter worth about $603,000. MML Investors Services LLC grew its holdings in Barings Corporate Investors by 119.4% in the 3rd quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock valued at $612,000 after buying an additional 16,712 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Barings Corporate Investors in the 3rd quarter valued at approximately $410,000. ST Germain D J Co. Inc. increased its position in Barings Corporate Investors by 49.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 17,925 shares of the financial services provider’s stock worth $365,000 after buying an additional 5,940 shares during the period. Finally, Secure Asset Management LLC lifted its holdings in shares of Barings Corporate Investors by 8.0% during the fourth quarter. Secure Asset Management LLC now owns 174,641 shares of the financial services provider’s stock worth $3,559,000 after buying an additional 13,010 shares during the last quarter.

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.