LM Advisors LLC Makes New Investment in Barings Corporate Investors $MCI

LM Advisors LLC acquired a new position in Barings Corporate Investors (NYSE:MCI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 174,217 shares of the financial services provider’s stock, valued at approximately $1,948,000. LM Advisors LLC owned approximately 0.85% of Barings Corporate Investors at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Commerce Bank purchased a new position in shares of Barings Corporate Investors during the 2nd quarter valued at about $268,000. BOK Financial Private Wealth Inc. bought a new stake in Barings Corporate Investors in the 2nd quarter worth approximately $50,000. Perigon Wealth Management LLC purchased a new stake in Barings Corporate Investors in the second quarter worth approximately $217,000. TSP Capital Management Group LLC boosted its stake in Barings Corporate Investors by 5.4% in the second quarter. TSP Capital Management Group LLC now owns 86,732 shares of the financial services provider’s stock worth $1,523,000 after buying an additional 4,446 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its position in Barings Corporate Investors by 40.3% during the second quarter. Whipplewood Advisors LLC now owns 3,690 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,060 shares during the last quarter.

Barings Corporate Investors Trading Up 0.5%

Shares of NYSE MCI opened at $18.31 on Friday. Barings Corporate Investors has a one year low of $16.21 and a one year high of $23.00. The firm’s 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $18.13.

Barings Corporate Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.7%.

Barings Corporate Investors Company Profile

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.