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In a recent transaction, Edward P. Grace III, acting as a trustee, sold a significant amount of shares in Barings Corporate Investors (NYSE:MCI), a company that has demonstrated strong performance with an 11.89% return over the past week. The sale, which took place on April 1, involved a total of 10,000 common shares, also referred to as shares of beneficial interest. These shares were sold at prices ranging from $22.45 to $23.1285 per share, amounting to a total transaction value of $227,132. According to InvestingPro, the company maintains a healthy 6.83% dividend yield and has raised its dividend for three consecutive years.
Following this sale, Grace’s direct ownership of the shares decreased, leaving him with 10,000 shares in the company. This transaction was filed in a Form 4 report with the Securities and Exchange Commission, providing transparency to investors and the market regarding insider activities. InvestingPro analysis reveals the company maintains an overall "GREAT" financial health score of 3.1, with particularly strong metrics in cash flow and profitability. Subscribers can access 6 additional exclusive ProTips and detailed insider trading patterns.
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