Insider Buying: CQS New City High Yield (LON:NCYF) Insider Buys £20,800 in Stock

CQS New City High Yield (LON:NCYF) insider Caroline Hitch purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average cost of GBX 52 per share, with a total value of £20,800.

CQS New City High Yield Stock Performance

LON:NCYF opened at GBX 52.30 on Monday. The company has a debt-to-equity ratio of 12.54, a current ratio of 8.09 and a quick ratio of 2.43. The firm has a market cap of £361.11 million, a price-to-earnings ratio of 15.03 and a beta of 0.08. The firm’s fifty day moving average price is GBX 51.40 and its 200 day moving average price is GBX 50.96. CQS New City High Yield has a 1-year low of GBX 47.50 and a 1-year high of GBX 53.40.

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.