Barings Corporate Investors (NYSE:MCI) Sets New 12-Month High – What’s Next?

Barings Corporate Investors (NYSE:MCI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.63 and last traded at $24.71, with a volume of 91697 shares. The stock had previously closed at $23.90.

Barings Corporate Investors Stock Performance

The firm’s fifty day moving average is $20.80 and its 200 day moving average is $19.71.

Barings Corporate Investors Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 30th were given a $0.10 dividend. This represents a dividend yield of 8%. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Investors Weigh In On Barings Corporate Investors

A number of hedge funds and other institutional investors have recently modified their holdings of MCI. Mayfair Advisory Group LLC bought a new position in Barings Corporate Investors during the third quarter worth about $224,000. Commerce Bank raised its position in shares of Barings Corporate Investors by 426.7% in the third quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock valued at $1,451,000 after buying an additional 58,994 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Barings Corporate Investors in the third quarter valued at approximately $603,000. MML Investors Services LLC grew its position in Barings Corporate Investors by 119.4% during the third quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock worth $612,000 after buying an additional 16,712 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in Barings Corporate Investors during the 3rd quarter worth $410,000.

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.