Key Points
- Insider purchase: Director Caroline Hitch bought 50,000 shares on April 8 at GBX 50 each, a total transaction value of £25,000.
- Market context: Shares opened at GBX 50.50 (up 1.7%), trading near their 50‑day/200‑day moving averages (GBX 50.43/51) with a market cap of about £340 million and a one‑year range of GBX 47.50–53.40.
- Fund profile and results: The fund targets high‑yield fixed income and equities, has increased dividends every year since 2007, and recently reported quarterly EPS of GBX 2.29 with a net margin of 73.82%.
CQS New City High Yield (LON:NCYF - Get Free Report) insider Caroline Hitch purchased 50,000 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was acquired at an average price 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 opened at GBX 50.50 on Friday. The stock has a 50-day moving average of GBX 50.43 and a two-hundred day moving average of GBX 51. The company has a debt-to-equity ratio of 12.54, a quick ratio of 2.43 and a current ratio of 8.09. CQS New City High Yield has a one year low of GBX 47.50 and a one year high of GBX 53.40. The stock has a market cap of £340.07 million, a PE ratio of 14.51 and a beta of 0.04.
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
(
Get Free Report)
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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