Insider Buying: CQS New City High Yield (LON:NCYF) Insider Purchases 38,600 Shares of Stock

CQS New City High Yield (LON:NCYF) insider Wendy Dorman acquired 38,600 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of GBX 51 ($0.65) per share, for a total transaction of £19,686 ($25,017.16).

CQS New City High Yield Trading Down 0.6 %

Shares of NCYF traded down GBX 0.30 ($0.00) during trading hours on Tuesday, reaching GBX 51.20 ($0.65). 1,118,276 shares of the company traded hands, compared to its average volume of 1,020,352. The stock’s fifty day moving average price is GBX 51.84 and its 200 day moving average price is GBX 51.79. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80. The firm has a market cap of £300.91 million, a price-to-earnings ratio of 6.43 and a beta of 0.46. CQS New City High Yield has a 12-month low of GBX 49 ($0.62) and a 12-month high of GBX 54 ($0.69).

CQS New City High Yield (LON:NCYF) last issued its earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) EPS for the quarter. CQS New City High Yield had a net margin of 88.30% and a return on equity of 16.49%.

CQS New City High Yield Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.89%. The ex-dividend date of this dividend was Thursday, January 23rd. CQS New City High Yield’s dividend payout ratio (DPR) is presently 50.20%.

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.