CQS New City High Yield (LON:NCYF – Get Free Report) issued its quarterly 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 net margin of 73.82% and a return on equity of 7.00%.
CQS New City High Yield Stock Performance
LON NCYF traded down GBX 0.03 on Tuesday, hitting GBX 50.67. 538,079 shares of the stock traded hands, compared to its average volume of 1,978,617. 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 business’s fifty day moving average is GBX 50.96 and its two-hundred day moving average is GBX 50.77. CQS New City High Yield has a 12 month low of GBX 47.50 and a 12 month high of GBX 53. The firm has a market capitalization of £363.93 million, a price-to-earnings ratio of 14.56 and a beta of 0.08.
Insider Transactions at CQS New City High Yield
In other news, insider Andrew Dann acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £13,000. Also, insider John Newlands bought 30,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were acquired at an average price of GBX 52 per share, with a total value of £15,600. In the last quarter, insiders purchased 121,000 shares of company stock worth $6,292,000. 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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