Babson Capital Corporate Investors (MCI) : Curbstone Financial Management Corp reduced its stake in Babson Capital Corporate Investors by 0.43% during the most recent quarter end. The investment management company now holds a total of 338,092 shares of Babson Capital Corporate Investors which is valued at $5.8 Million after selling 1,450 shares in Babson Capital Corporate Investors according to a report filed by the company on Apr 5, 2016 with the SEC.Babson Capital Corporate Investors makes up approximately 1.97% of Curbstone Financial Management Corp’s portfolio.
Babson Capital Corporate Investors opened for trading at $17.05 and hit $17.2299 on the upside on Monday, eventually ending the session at $17.21, with a gain of 0.29% or 0.05 points. The heightened volatility saw the trading volume jump to 8,367 shares. Company has a market cap of $152 M.
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.