Insider Buying: CQS New City High Yield (LON:NCYF) Insider Acquires £13,520 in Stock

CQS New City High Yield (LON:NCYF) insider Ian Cadby bought 26,000 shares of the stock in a transaction dated Friday, July 17th. The shares were acquired at an average price of GBX 52 per share, for a total transaction of £13,520.

CQS New City High Yield Price Performance

Shares of LON:NCYF opened at GBX 52.20 on Monday. The company’s 50-day moving average is GBX 51.19 and its 200 day moving average is GBX 50.93. The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09. The company has a market capitalization of £360.42 million, a P/E ratio of 15.00 and a beta of 0.08. 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.

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.