Insider Buying: CQS New City High Yield Fund Ltd (LON:NCYF) Insider Buys 85,715 Shares of Stock
CQS New City High Yield Fund Ltd (LON:NCYF) insider Duncan Baxter purchased 85,715 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 36 ($0.47) per share, for a total transaction of £30,857.40 ($40,591.16).
LON NCYF opened at GBX 39.80 ($0.52) on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 12.01. The company has a market capitalization of $169.79 million and a P/E ratio of 20.95. CQS New City High Yield Fund Ltd has a 12-month low of GBX 0.54 ($0.01) and a 12-month high of GBX 61.80 ($0.81). The firm has a 50-day moving average price of GBX 52.74 and a two-hundred day moving average price of GBX 57.28.
The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, January 23rd. This represents a dividend yield of 1.62%. CQS New City High Yield Fund’s payout ratio is presently 2.11%.
CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds.
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