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

Barings Corporate Investors (NYSE:MCI) posted its earnings results on Thursday. The financial services provider reported $999.00 EPS for the quarter, Zacks reports.

Barings Corporate Investors Stock Up 1.3%

MCI traded up $0.22 during trading hours on Thursday, hitting $17.30. The company’s stock had a trading volume of 70,176 shares, compared to its average volume of 45,334. Barings Corporate Investors has a fifty-two week low of $16.57 and a fifty-two week high of $23.00. The company has a 50-day simple moving average of $18.27 and a 200 day simple moving average of $19.57.

Institutional Trading of Barings Corporate Investors

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in Barings Corporate Investors by 2.9% in the 3rd quarter. Invesco Ltd. now owns 244,810 shares of the financial services provider’s stock valued at $5,082,000 after acquiring an additional 6,924 shares during the period. LPL Financial LLC increased its position in Barings Corporate Investors by 1.3% in the 4th quarter. LPL Financial LLC now owns 123,931 shares of the financial services provider’s stock valued at $2,249,000 after acquiring an additional 1,599 shares during the period. MML Investors Services LLC increased its position in Barings Corporate Investors by 6.7% in the 2nd quarter. MML Investors Services LLC now owns 74,745 shares of the financial services provider’s stock valued at $1,619,000 after acquiring an additional 4,711 shares during the period. Beacon Pointe Advisors LLC increased its position in Barings Corporate Investors by 10.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 60,670 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 5,875 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Barings Corporate Investors by 16.3% during the 2nd quarter. Raymond James Financial Inc. now owns 58,794 shares of the financial services provider’s stock valued at $1,273,000 after purchasing an additional 8,252 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.