Barings Corporate Investors (NYSE:MCI) Releases Quarterly Earnings Results

Barings Corporate Investors (NYSE:MCI) announced its quarterly earnings data on Thursday. The financial services provider reported $999.00 earnings per share for the quarter, Zacks reports.

Barings Corporate Investors Trading Down 0.8%

Shares of Barings Corporate Investors stock traded down $0.13 during trading on Friday, hitting $17.19. The stock had a trading volume of 41,236 shares, compared to its average volume of 47,990. The business has a fifty day moving average of $18.21 and a two-hundred day moving average of $19.55. Barings Corporate Investors has a fifty-two week low of $16.57 and a fifty-two week high of $23.00.

Barings Corporate Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 9.3%.

Institutional Trading of Barings Corporate Investors

Several institutional investors have recently modified their holdings of MCI. Advisory Services Network LLC acquired a new stake in shares of Barings Corporate Investors during the third quarter worth $50,000. Kovack Advisors Inc. acquired a new stake in shares of Barings Corporate Investors during the fourth quarter worth $208,000. Susquehanna International Group LLP acquired a new stake in shares of Barings Corporate Investors during the third quarter worth $259,000. Virtu Financial LLC acquired a new stake in shares of Barings Corporate Investors during the third quarter worth $311,000. Finally, MGB Wealth Management LLC raised its position in shares of Barings Corporate Investors by 19.8% during the second quarter. MGB Wealth Management LLC now owns 21,167 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 3,493 shares during the period.

About Barings Corporate Investors

Barings Corporate Investors (NYSE: MCI) is a closed-end management investment company that seeks to provide investors with high current income and capital preservation. The fund primarily invests in a diversified portfolio of corporate debt securities and loans, focusing on investment-grade and below investment-grade credit issued by U.S. and international companies.

The fund’s investment strategy centers on identifying opportunities across the corporate credit spectrum, including senior secured loans, high-yield bonds, and other fixed-income instruments.