Babson Capital Corporate Investors (MCI) : Curbstone Financial Management Corp reduced its stake in Babson Capital Corporate Investors by 1.61% during the most recent quarter end. The investment management company now holds a total of 326,192 shares of Babson Capital Corporate Investors which is valued at $5,613,764 after selling 5,350 shares in Babson Capital Corporate Investors , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Babson Capital Corporate Investors makes up approximately 1.81% of Curbstone Financial Management Corp’s portfolio.
Babson Capital Corporate Investors (MCI) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.23 and reached the intraday high at $17.3972. The bulls started the profit booking and pushed the shares to intraday low of $17.22. The trading session was marked by a volume range of 7,567 shares exchanging hands. The 52-week high of the shares is $19.76 and the 52-week low is $16.06. The market cap of the company stands at $152 M and there are 88,16,000 shares in public circulation.
Babson Capital Corporate Investors (the Trust) 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. These placement securities may include equity features such as common stock warrants conversion rights or other equity features and preferred stocks. The Trust purchases these investments directly from their issuers in private placement transactions. In addition the Trust may invest in marketable investment grade debt securities other marketable debt securities (including high yield securities) and marketable common stocks. Babson Capital Management LLC (Babson Capital) a wholly owned indirect subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual) acts as the Trust’s investment adviser.