Barings Corporate Investors (NYSE:MCI) Stock Price Passes Below 200 Day Moving Average of $18.10

Barings Corporate Investors (NYSE:MCI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.10 and traded as low as $18.00. Barings Corporate Investors shares last traded at $18.06, with a volume of 27,897 shares.

Barings Corporate Investors Stock Performance

The firm has a 50 day simple moving average of $18.34 and a 200-day simple moving average of $18.10.

Barings Corporate Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend is Monday, August 26th. This is a boost from Barings Corporate Investors’s previous quarterly dividend of $0.39.

Hedge Funds Weigh In On Barings Corporate Investors

Several hedge funds have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new position in Barings Corporate Investors during the first quarter worth about $34,000. Linscomb Wealth Inc. bought a new position in Barings Corporate Investors during the first quarter worth about $180,000. PFG Investments LLC bought a new position in Barings Corporate Investors during the first quarter worth about $180,000. Commerce Bank bought a new position in Barings Corporate Investors during the fourth quarter worth about $185,000. Finally, Montag A & Associates Inc. boosted its holdings in Barings Corporate Investors by 8.9% during the fourth quarter. Montag A & Associates Inc. now owns 13,268 shares of the financial services provider’s stock worth $249,000 after buying an additional 1,087 shares during the last quarter.

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.