Oppenheimer & Co. Inc. boosted its holdings in shares of Barings Corporate Investors (NYSE:MCI) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,708 shares of the financial services provider’s stock after acquiring an additional 2,983 shares during the quarter. Oppenheimer & Co. Inc. owned 0.51% of Barings Corporate Investors worth $1,535,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in MCI. ST Germain D J Co. Inc. lifted its holdings in shares of Barings Corporate Investors by 6.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 15,961 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,000 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Barings Corporate Investors by 36.9% during the 2nd quarter. Wedbush Securities Inc. now owns 26,340 shares of the financial services provider’s stock valued at $397,000 after buying an additional 7,100 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Barings Corporate Investors by 1.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 46,110 shares of the financial services provider’s stock valued at $696,000 after buying an additional 702 shares during the last quarter. Institutional investors and hedge funds own 9.65% of the company’s stock.
Shares of Barings Corporate Investors (NYSE:MCI) traded down 1.74% during midday trading on Friday, hitting $15.80. The stock had a trading volume of 665 shares. Barings Corporate Investors has a one year low of $14.52 and a one year high of $18.04. The firm’s 50-day moving average is $15.82 and its 200 day moving average is $15.37.
In other Barings Corporate Investors news, insider Edward P. Grace III purchased 1,900 shares of the business’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $15.42 per share, for a total transaction of $29,298.00. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $154,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Eugene Joyal sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $15.62, for a total transaction of $156,200.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
Barings Corporate Investors Profile
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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