Barings Corporate Investors (NYSE:MCI) Hits New 1-Year High - Still a Buy?

Barings Corporate Investors (NYSE:MCI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.63 and last traded at $24.71, with a volume of 91697 shares. The stock had previously closed at $23.90.

Barings Corporate Investors Trading Down 7.3 %

The company's 50 day simple moving average is $20.90 and its 200-day simple moving average is $19.75.

Barings Corporate Investors Dividend Announcement

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

Institutional Investors Weigh In On Barings Corporate Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in Barings Corporate Investors by 112.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,463 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Barings Corporate Investors by 3.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider's stock valued at $1,233,000 after purchasing an additional 1,989 shares during the period. LPL Financial LLC grew its holdings in Barings Corporate Investors by 21.7% in the fourth quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 2,320 shares during the period. Invesco Ltd. increased its position in Barings Corporate Investors by 1.8% during the fourth quarter. Invesco Ltd. now owns 169,551 shares of the financial services provider's stock worth $3,455,000 after purchasing an additional 3,029 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Barings Corporate Investors by 16.3% during the fourth quarter. Benjamin Edwards Inc. now owns 35,171 shares of the financial services provider's stock worth $717,000 after purchasing an additional 4,923 shares during the period.

About Barings Corporate Investors

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.