CQS New City High Yield (LON:NCYF – Get Free Report) posted 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 net margin of 73.82% and a return on equity of 7.00%.
CQS New City High Yield Trading Down 0.2%
Shares of LON:NCYF traded down GBX 0.08 during trading on Tuesday, reaching GBX 50.62. The stock had a trading volume of 779,737 shares, compared to its average volume of 1,979,945. The stock has a market cap of £363.56 million, a P/E ratio of 14.55 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. The company has a quick ratio of 2.43, a current ratio of 8.09 and a debt-to-equity ratio of 12.54. The business has a fifty day moving average price of GBX 50.96 and a 200-day moving average price of GBX 50.77.
Insider Transactions at CQS New City High Yield
In other news, insider Ian Cadby bought 26,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was acquired at an average price of GBX 52 per share, for a total transaction of £13,520. Also, insider Andrew Dann bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of GBX 52 per share, with a total value of £13,000. Over the last ninety days, insiders have purchased 121,000 shares of company stock valued at $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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