Insider Buying: CQS New City High Yield (LON:NCYF) Insider Acquires 50,000 Shares of Stock

Key Points

• Insider Caroline Hitch purchased 50,000 shares of CQS New City High Yield at an average price of GBX 50 per share on April 8, totaling £25,000.
• The stock traded up 1.7% to GBX 50.50 with midday volume of 2,859,433 shares versus an average of 1,898,695, signaling elevated trading activity.
• CQS New City High Yield is a high‑dividend focused fund that has increased its dividend every year since 2007.

CQS New City High Yield (LON:NCYF - Get Free Report) insider Caroline Hitch purchased 50,000 shares of CQS New City High Yield stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average cost of GBX 50 per share, with a total value of £25,000.

CQS New City High Yield Trading Up 1.7%

CQS New City High Yield stock traded up GBX 0.85 during mid-day trading on Friday, hitting GBX 50.50. The company's stock had a trading volume of 2,859,433 shares, compared to its average volume of 1,898,695. The firm has a market capitalization of £340.07 million, a PE ratio of 14.51 and a beta of 0.04. CQS New City High Yield has a 1 year low of GBX 47.50 and a 1 year 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. The stock's fifty day moving average is GBX 50.44 and its two-hundred day moving average is GBX 51.01.

CQS New City High Yield (LON:NCYF - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported GBX 2.29 EPS for the quarter. CQS New City High Yield had a return on equity of 7.00% and a net margin of 73.82%.

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.

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