Curbstone Financial Management Corp Lowers Stake in Barings Corporate Investors (NYSE:MCI)

Curbstone Financial Management Corp cut its position in Barings Corporate Investors (NYSE:MCI) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,904 shares of the financial services provider’s stock after selling 1,100 shares during the period. Barings Corporate Investors comprises 1.3% of Curbstone Financial Management Corp’s portfolio, making the stock its 18th largest holding. Curbstone Financial Management Corp owned approximately 1.52% of Barings Corporate Investors worth $6,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCI. Future Financial Wealth Managment LLC boosted its position in shares of Barings Corporate Investors by 1.7% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 49,619 shares of the financial services provider’s stock valued at $989,000 after acquiring an additional 814 shares during the last quarter. Sky Investment Group LLC lifted its position in Barings Corporate Investors by 3.0% during the third quarter. Sky Investment Group LLC now owns 170,489 shares of the financial services provider’s stock valued at $3,398,000 after purchasing an additional 5,025 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Barings Corporate Investors by 49.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 17,925 shares of the financial services provider’s stock worth $365,000 after buying an additional 5,940 shares in the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of Barings Corporate Investors in the 3rd quarter worth about $224,000. Finally, Secure Asset Management LLC raised its position in shares of Barings Corporate Investors by 7.5% during the 3rd quarter. Secure Asset Management LLC now owns 161,631 shares of the financial services provider’s stock valued at $3,221,000 after buying an additional 11,273 shares in the last quarter.

Barings Corporate Investors Stock Down 0.9 %

Shares of NYSE:MCI opened at $20.76 on Tuesday. The company has a 50-day moving average price of $20.17 and a 200 day moving average price of $19.35. Barings Corporate Investors has a 12 month low of $16.91 and a 12 month high of $21.61.

Barings Corporate Investors Dividend Announcement

The business also recently announced a — dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 30th were issued a $0.10 dividend. This represents a dividend yield of 8%. The ex-dividend date of this dividend was Monday, December 30th.

Barings Corporate Investors 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.