CQS New City High Yield (LON:NCYF – Get Free Report) announced its quarterly earnings data 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 6.61%.
CQS New City High Yield Stock Up 0.1%
CQS New City High Yield stock traded up GBX 0.04 during midday trading on Friday, reaching GBX 50.55. The stock had a trading volume of 2,430,654 shares, compared to its average volume of 1,981,107. The company has a fifty day moving average price of GBX 50.83 and a two-hundred day moving average price of GBX 50.76. CQS New City High Yield has a 12 month low of GBX 47.50 and a 12 month high of GBX 53. The company has a current ratio of 5.61, a quick ratio of 2.43 and a debt-to-equity ratio of 11.93. The company has a market capitalization of £363.04 million, a P/E ratio of 14.52 and a beta of 0.08.
Insider Activity
In other news, insider Caroline Hitch bought 40,000 shares of the stock in a transaction dated Thursday, July 23rd. The shares were bought at an average cost of GBX 52 per share, with a total value of £20,800. Also, insider Andrew Dann bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of GBX 52 per share, for a total transaction of £13,000. Insiders bought a total of 91,000 shares of company stock worth $4,732,000 over the last quarter. 1.00% of the stock is currently owned by corporate 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.
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