CQS New City High Yield (LON:NCYF – Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 4.64 earnings per share (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 0.2%
NCYF stock traded down GBX 0.10 during trading hours on Wednesday, hitting GBX 50.60. The company’s stock had a trading volume of 2,398,787 shares, compared to its average volume of 1,984,415. The company has a quick ratio of 2.43, a current ratio of 8.09 and a debt-to-equity ratio of 12.54. CQS New City High Yield has a 12 month low of GBX 47.50 and a 12 month high of GBX 53. The stock has a 50 day moving average price of GBX 50.93 and a two-hundred day moving average price of GBX 50.76. The company has a market capitalization of £363.44 million, a PE ratio of 14.54 and a beta of 0.08.
Insider Transactions at CQS New City High Yield
In related news, insider Andrew Dann acquired 25,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of GBX 52 per share, with a total value of £13,000. Also, insider Caroline Hitch purchased 40,000 shares of the stock in a transaction on Thursday, July 23rd. The shares were bought at an average price of GBX 52 per share, for a total transaction of £20,800. In the last quarter, insiders purchased 91,000 shares of company stock worth $4,732,000. 1.00% of the stock is 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.
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