News headlines about Barings Corporate Investors (NYSE:MCI) have trended positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barings Corporate Investors earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.8564171002761 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
MCI stock traded up $0.05 during trading hours on Wednesday, hitting $14.80. 14,135 shares of the stock were exchanged, compared to its average volume of 24,573. Barings Corporate Investors has a 52 week low of $14.70 and a 52 week high of $16.36.
In related news, insider Edward P. Grace III acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $44,400.00. Following the transaction, the insider now directly owns 13,000 shares of the company’s stock, valued at approximately $192,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Harlan Brown acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average price of $14.97 per share, with a total value of $29,940.00. Following the transaction, the insider now directly owns 23,948 shares in the company, valued at $358,501.56. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
Barings Corporate Investors (the Trust), formerly Babson Capital Corporate Investors, is a closed-end management investment company. The Trust’s investment objective is to maintain a portfolio of securities providing a fixed yield and at the same time offering an opportunity for capital gains. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations.
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