Barings Corporate Investors (NYSE:MCI - Get Free Report) insider Edward P. Grace III sold 10,000 shares of the 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 completion of the sale, the insider now owns 10,000 shares in the company, valued at approximately $227,100. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Barings Corporate Investors Stock Performance
Shares of NYSE MCI opened at $22.38 on Wednesday. The stock's 50-day moving average is $21.28 and its two-hundred day moving average is $20.34. Barings Corporate Investors has a 1-year low of $16.91 and a 1-year high of $25.24.
Hedge Funds Weigh In On Barings Corporate Investors
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in Barings Corporate Investors by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,463 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of Barings Corporate Investors in the 4th quarter valued at approximately $204,000. Fiduciary Trust Co purchased a new stake in shares of Barings Corporate Investors in the 4th quarter valued at approximately $204,000. Consolidated Portfolio Review Corp acquired a new stake in shares of Barings Corporate Investors in the 4th quarter valued at $206,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Barings Corporate Investors during the 4th quarter worth $206,000.
About Barings Corporate Investors
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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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