CQS New City High Yield (LON:NCYF) Posts Earnings Results

CQS New City High Yield (LON:NCYF) released its earnings results on Tuesday. The company reported GBX 4.64 EPS for the quarter, Digital Look Earnings reports. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

CQS New City High Yield Stock Performance

LON NCYF opened at GBX 50.88 on Thursday. CQS New City High Yield has a 52-week low of GBX 47.50 and a 52-week high of GBX 53. The company has a 50-day simple moving average of GBX 50.90 and a 200 day simple moving average of GBX 50.76. 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 £365.45 million, a PE ratio of 14.62 and a beta of 0.08.

Insider Buying and Selling at CQS New City High Yield

In related news, insider Caroline Hitch purchased 40,000 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of GBX 52 per share, for a total transaction of £20,800. Also, insider Ian Cadby purchased 26,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were bought at an average price of GBX 52 per share, with a total value of £13,520. Insiders have purchased a total of 91,000 shares of company stock worth $4,732,000 over the last three months. 1.00% of the stock is currently owned by insiders.

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.