CQS New City High Yield (LON:NCYF – Get Free Report) posted 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 net margin of 73.82% and a return on equity of 7.00%.
CQS New City High Yield Stock Performance
NCYF traded up GBX 0.10 during midday trading on Wednesday, reaching GBX 50.80. The company had a trading volume of 709,140 shares, compared to its average volume of 1,975,182. The business has a 50-day moving average of GBX 50.93 and a two-hundred day moving average of GBX 50.76. 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 1 year low of GBX 47.50 and a 1 year high of GBX 53. The company has a market cap of £364.87 million, a P/E ratio of 14.60 and a beta of 0.08.
Insiders Place Their Bets
In other news, insider Andrew Dann acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of GBX 52 per share, for a total transaction of £13,000. Also, insider Caroline Hitch bought 40,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average price of GBX 52 per share, for a total transaction of £20,800. In the last 90 days, insiders have bought 91,000 shares of company stock worth $4,732,000. Company 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.
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