Michael Harlan Brown Purchases 2,000 Shares of Barings Corporate Investors (MCI) Stock
Barings Corporate Investors (NYSE:MCI) insider Michael Harlan Brown purchased 2,000 shares of the stock in a transaction on Monday, February 13th. The shares were bought at an average price of $14.70 per share, for a total transaction of $29,400.00. Following the acquisition, the insider now owns 20,948 shares of the company’s stock, valued at $307,935.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Barings Corporate Investors (NYSE:MCI) traded up 2.67% during midday trading on Friday, hitting $15.38. The stock had a trading volume of 33,120 shares. Barings Corporate Investors has a 1-year low of $14.52 and a 1-year high of $19.76. The firm has a 50-day moving average price of $15.14 and a 200-day moving average price of $16.77.
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About Barings Corporate Investors
Barings Corporate Investors (the Trust), formerly Babson Capital Corporate Investors, is a closed-end management investment company. The Trust’s investment objective is to maintain a portfolio of securities providing a fixed yield and at the same time offering an opportunity for capital gains. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations.
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