News headlines about Barings Corporate Investors (NYSE:MCI) have been trending positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barings Corporate Investors earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.8564171002761 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Barings Corporate Investors stock traded down $0.09 during midday trading on Thursday, reaching $14.97. 19,634 shares of the stock traded hands, compared to its average volume of 24,556. Barings Corporate Investors has a fifty-two week low of $14.70 and a fifty-two week high of $16.36.
In related news, insider Edward P. Grace III purchased 3,000 shares of Barings Corporate Investors stock in a transaction dated Tuesday, February 20th. The stock was bought at an average cost of $14.80 per share, with a total value of $44,400.00. Following the purchase, the insider now owns 13,000 shares in the company, valued at approximately $192,400. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Harlan Brown purchased 2,000 shares of Barings Corporate Investors stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $14.97 per share, with a total value of $29,940.00. Following the completion of the purchase, the insider now owns 23,948 shares in the company, valued at approximately $358,501.56. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
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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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