CQS New City High Yield (LON:NCYF) Insider Caroline Hitch Buys 50,000 Shares of Stock

CQS New City High Yield (LON:NCYF) insider Caroline Hitch purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average cost of GBX 50 per share, for a total transaction of £25,000.

CQS New City High Yield Trading Up 1.7%

Shares of LON NCYF opened at GBX 50.50 on Friday. 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 stock has a market capitalization of £340.07 million, a P/E ratio of 14.51 and a beta of 0.04. CQS New City High Yield has a 1-year low of GBX 47.50 and a 1-year high of GBX 53.40. The business has a fifty day moving average price of GBX 50.43 and a 200 day moving average price of GBX 51.

CQS New City High Yield (LON:NCYF) last issued its quarterly earnings data on Thursday, February 26th. The company reported GBX 2.29 earnings per share for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

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.