Barings Corporate Investors (NYSE:MCI) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.60 and traded as low as $16.51. Barings Corporate Investors shares last traded at $16.57, with a volume of 824 shares changing hands.

The stock’s fifty day simple moving average is $16.59 and its 200-day simple moving average is $16.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date was Monday, December 30th.

In other Barings Corporate Investors news, insider Edward P. Grace III sold 6,766 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $16.80, for a total value of $113,668.80. Following the completion of the sale, the insider now owns 8,000 shares of the company’s stock, valued at approximately $134,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sky Investment Group LLC boosted its holdings in Barings Corporate Investors by 0.4% in the 4th quarter. Sky Investment Group LLC now owns 167,633 shares of the financial services provider’s stock valued at $2,827,000 after purchasing an additional 680 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Barings Corporate Investors by 2.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 34,040 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 969 shares during the period. Morgan Stanley boosted its holdings in Barings Corporate Investors by 1.5% in the 2nd quarter. Morgan Stanley now owns 74,247 shares of the financial services provider’s stock valued at $1,162,000 after purchasing an additional 1,101 shares during the period. Stonebridge Capital Advisors LLC bought a new stake in Barings Corporate Investors in the 2nd quarter valued at about $136,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Barings Corporate Investors by 20.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 63,506 shares of the financial services provider’s stock valued at $1,071,000 after purchasing an additional 10,706 shares during the period. 13.83% of the stock is owned by hedge funds and other institutional investors.

About Barings Corporate Investors (NYSE:MCI)

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.

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