Insider Buying: CQS New City High Yield (LON:NCYF) Insider Purchases 30,000 Shares of Stock

CQS New City High Yield (LON:NCYF) insider John Newlands purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of GBX 52 per share, for a total transaction of £15,600.

CQS New City High Yield Price Performance

Shares of NCYF opened at GBX 52 on Wednesday. The company has a market capitalization of £355.63 million, a P/E ratio of 14.94 and a beta of 0.30. The firm has a 50 day moving average of GBX 50.78 and a 200 day moving average of GBX 50.83. CQS New City High Yield has a twelve month low of GBX 47.50 and a twelve month high of GBX 53.40. 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 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.