CQS New City High Yield (LON:NCYF) Insider Acquires 25,000 Shares of Stock

CQS New City High Yield (LON:NCYF) insider Andrew Dann bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of GBX 52 per share, for a total transaction of £13,000.

CQS New City High Yield Stock Up 0.4%

Shares of LON NCYF traded up GBX 0.20 during trading on Tuesday, hitting GBX 52.10. 3,715,072 shares of the company traded hands, compared to its average volume of 1,862,247. The firm has a market capitalization of £356.31 million, a price-to-earnings ratio of 14.97 and a beta of 0.30. The business’s fifty day moving average is GBX 50.90 and its 200 day moving average is GBX 50.85. The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09. CQS New City High Yield has a fifty-two week low of GBX 47.50 and a fifty-two week high of GBX 53.40.

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.