CQS New City High Yield (LON:NCYF) Insider John Newlands Acquires 30,000 Shares of Stock

CQS New City High Yield (LON:NCYF) insider John Newlands purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were purchased at an average cost of GBX 52 per share, for a total transaction of £15,600.

CQS New City High Yield Stock Performance

LON NCYF opened at GBX 52 on Wednesday. The company has a current ratio of 8.09, a quick ratio of 2.43 and a debt-to-equity ratio of 12.54. The business has a fifty day simple moving average of GBX 50.78 and a 200 day simple moving average of GBX 50.83. CQS New City High Yield has a 12 month low of GBX 47.50 and a 12 month high of GBX 53.40. The firm has a market capitalization of £355.63 million, a P/E ratio of 14.94 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.