CQS New City High Yield (LON:NCYF – Get Free Report) announced its earnings results on Tuesday. The company reported GBX 4.64 earnings per share 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 Price Performance
NCYF stock traded down GBX 0.10 during midday trading on Wednesday, reaching GBX 50.60. The company had a trading volume of 2,398,787 shares, compared to its average volume of 1,984,415. The stock has a 50 day moving average price of GBX 50.93 and a 200-day moving average price of GBX 50.76. The company has a market capitalization of £363.44 million, a price-to-earnings ratio of 14.54 and a beta of 0.08. The company has a debt-to-equity ratio of 12.54, a current ratio of 8.09 and a quick ratio of 2.43. CQS New City High Yield has a 1-year low of GBX 47.50 and a 1-year high of GBX 53.
Insider Activity
In other CQS New City High Yield news, insider Caroline Hitch purchased 40,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of GBX 52 per share, with a total value of £20,800. Also, insider Andrew Dann bought 25,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of GBX 52 per share, with a total value of £13,000. In the last quarter, insiders have acquired 91,000 shares of company stock worth $4,732,000. Insiders own 1.00% of the company’s stock.
CQS New City High Yield Company Profile
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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