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

CQS New City High Yield (LON:NCYF) announced its quarterly earnings data 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 Down 0.3%

LON:NCYF opened at GBX 50.55 on Tuesday. 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 firm’s 50-day moving average price is GBX 50.96 and its 200-day moving average price is GBX 50.77. The company has a market capitalization of £363.08 million, a PE ratio of 14.53 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 Buying and Selling at CQS New City High Yield

In other CQS New City High Yield news, insider Caroline Hitch purchased 40,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was bought at an average cost of GBX 52 per share, with a total value of £20,800. Also, insider Ian Cadby acquired 26,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £13,520. In the last 90 days, insiders purchased 121,000 shares of company stock valued at $6,292,000. Insiders own 1.00% of the company’s stock.

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.