Ian Cadby Purchases 26,000 Shares of CQS New City High Yield (LON:NCYF) Stock

CQS New City High Yield (LON:NCYF) insider Ian Cadby acquired 26,000 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was acquired at an average price of GBX 52 per share, for a total transaction of £13,520.

CQS New City High Yield Stock Down 0.1%

NCYF stock traded down GBX 0.06 during trading on Friday, hitting GBX 52.14. 1,535,579 shares of the company’s stock were exchanged, compared to its average volume of 1,837,930. The business has a 50-day moving average price of GBX 51.16 and a two-hundred day moving average price of GBX 50.93. The stock has a market capitalization of £360.00 million, a price-to-earnings ratio of 14.98 and a beta of 0.08. CQS New City High Yield has a 52-week low of GBX 47.50 and a 52-week high of GBX 53.40. The company has a current ratio of 8.09, a quick ratio of 2.43 and a debt-to-equity ratio of 12.54.

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.