Caroline Hitch Buys 40,000 Shares of CQS New City High Yield (LON:NCYF) Stock

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

CQS New City High Yield Trading Down 0.2%

LON:NCYF opened at GBX 52.30 on Monday. CQS New City High Yield has a 1 year low of GBX 47.50 and a 1 year high of GBX 53.40. The stock has a market cap of £361.11 million, a P/E ratio of 15.03 and a beta of 0.08. 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 stock has a 50-day simple moving average of GBX 51.40 and a 200-day simple moving average of GBX 50.96.

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.