CQS New City High Yield (LON:NCYF) Announces Quarterly Earnings Results

CQS New City High Yield (LON:NCYF) released its quarterly earnings results on Tuesday. The company reported GBX 4.64 EPS for the quarter, Digital Look Earnings reports. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

CQS New City High Yield Stock Performance

NCYF opened at GBX 50.67 on Tuesday. The business has a 50 day moving average price of GBX 50.96 and a two-hundred day moving average price of GBX 50.77. The company has a debt-to-equity ratio of 12.54, a current ratio of 8.09 and a quick ratio of 2.43. The company has a market capitalization of £363.93 million, a price-to-earnings ratio of 14.56 and a beta of 0.08. CQS New City High Yield has a 1-year low of GBX 47.50 and a 1-year high of GBX 53.

Insider Transactions at CQS New City High Yield

In other news, insider John Newlands acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of GBX 52 per share, for a total transaction of £15,600. Also, insider Caroline Hitch bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average cost of GBX 52 per share, with a total value of £20,800. Insiders purchased a total of 121,000 shares of company stock worth $6,292,000 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

About CQS New City High Yield

CQS New City High Yield Fund Limited aims to provide investors with a high dividend yield and the potential for capital growth by investing in high-yielding, fixed interest securities. These include, but are not limited to, preference shares, loan stocks, corporate bonds (convertible and/or redeemable) and government stocks. The Company also invests in equities and other income-yielding securities.

Since the Fund’s launch in 2007, the Board has increased the level of dividends paid every year.