ST Germain D J Co. Inc. Boosts Stock Holdings in Barings Corporate Investors (NYSE:MCI)

ST Germain D J Co. Inc. lifted its stake in shares of Barings Corporate Investors (NYSE:MCI) by 49.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,925 shares of the financial services provider’s stock after acquiring an additional 5,940 shares during the quarter. ST Germain D J Co. Inc. owned 0.09% of Barings Corporate Investors worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. World Investment Advisors LLC purchased a new stake in shares of Barings Corporate Investors during the third quarter worth $410,000. MML Investors Services LLC increased its position in shares of Barings Corporate Investors by 119.4% during the third quarter. MML Investors Services LLC now owns 30,704 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 16,712 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Barings Corporate Investors during the third quarter worth $603,000. Commerce Bank increased its holdings in Barings Corporate Investors by 426.7% in the third quarter. Commerce Bank now owns 72,820 shares of the financial services provider’s stock valued at $1,451,000 after buying an additional 58,994 shares during the last quarter. Finally, Mayfair Advisory Group LLC purchased a new position in Barings Corporate Investors in the third quarter valued at $224,000.

Barings Corporate Investors Price Performance

NYSE:MCI opened at $20.23 on Friday. The business’s fifty day moving average price is $19.91 and its 200 day moving average price is $19.18. Barings Corporate Investors has a 12 month low of $16.91 and a 12 month high of $20.98.

Barings Corporate Investors Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 30th will be issued a $0.10 dividend. This represents a yield of 8%. The ex-dividend date of this dividend is Monday, December 30th.

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.