CQS New City High Yield (LON:NCYF) Insider Buys 25,000 Shares of Stock

CQS New City High Yield (LON:NCYF) insider Andrew Dann acquired 25,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of GBX 52 per share, with a total value of £13,000.

CQS New City High Yield Trading Up 0.4%

Shares of LON:NCYF traded up GBX 0.20 during midday trading on Tuesday, reaching GBX 52.10. The company’s stock had a trading volume of 3,715,072 shares, compared to its average volume of 1,862,247. CQS New City High Yield has a fifty-two week low of GBX 47.50 and a fifty-two week high of GBX 53.40. 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 firm has a 50 day moving average price of GBX 50.90 and a two-hundred day moving average price of GBX 50.85. The firm has a market capitalization of £356.31 million, a price-to-earnings ratio of 14.97 and a beta of 0.30.

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.