Babson Capital Corporate Investors (MCI) : Dumont Blake Investment Advisors reduced its stake in Babson Capital Corporate Investors by 2.41% during the most recent quarter end. The investment management company now holds a total of 65,692 shares of Babson Capital Corporate Investors which is valued at $1,114,662 after selling 1,625 shares in Babson Capital Corporate Investors , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Babson Capital Corporate Investors makes up approximately 0.57% of Dumont Blake Investment Advisors’s portfolio.
Babson Capital Corporate Investors closed down -0.26 points or -1.47% at $17.44 with 9,913 shares getting traded on Wednesday. Post opening the session at $17.7099, the shares hit an intraday low of $17.27 and an intraday high of $17.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Clean Yield Group added MCI to its portfolio by purchasing 346 company shares during the most recent quarter which is valued at $6,010.Creative Planning boosted its stake in MCI in the latest quarter, The investment management firm added 1,266 additional shares and now holds a total of 65,308 shares of Babson Capital Corporate Investors which is valued at $1,123,951. Babson Capital Corporate Investors makes up approx 0.01% of Creative Planning’s portfolio.
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.