Barings Corporate Investors (NYSE:MCI) Insider Edward P. Grace III Sells 10,000 Shares of Stock

Barings Corporate Investors (NYSE:MCI) insider Edward P. Grace III sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total transaction of $227,100.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $227,100. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Barings Corporate Investors Stock Down 4.5 %

NYSE:MCI opened at $22.38 on Wednesday. Barings Corporate Investors has a fifty-two week low of $16.91 and a fifty-two week high of $25.24. The company has a 50 day moving average price of $21.28 and a 200 day moving average price of $20.34.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 1,463 shares in the last quarter. StoneX Group Inc. purchased a new position in Barings Corporate Investors during the 4th quarter valued at about $204,000. Fiduciary Trust Co acquired a new position in Barings Corporate Investors in the 4th quarter valued at about $204,000. Consolidated Portfolio Review Corp purchased a new stake in Barings Corporate Investors during the fourth quarter worth about $206,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Barings Corporate Investors during the fourth quarter worth about $206,000.

Barings Corporate Investors Company Profile

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.