CQS New City High Yield (LON:NCYF) Posts Earnings Results

by · The Markets Daily

CQS New City High Yield (LON:NCYF – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX 4.64 earnings per share (EPS) for the quarter, Digital Look Earnings reports. CQS New City High Yield had a net margin of 73.82% and a return on equity of 7.00%.

CQS New City High Yield Price Performance

NCYF opened at GBX 50.67 on Tuesday. CQS New City High Yield has a 1 year low of GBX 47.50 and a 1 year high of GBX 53. 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 company has a market capitalization of £363.93 million, a price-to-earnings ratio of 14.56 and a beta of 0.08. The firm’s fifty day moving average price is GBX 50.96 and its two-hundred day moving average price is GBX 50.77.

Insider Activity

In other news, insider John Newlands bought 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were purchased at an average price of GBX 52 per share, with a total value of £15,600. Also, insider Andrew Dann purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of GBX 52 per share, for a total transaction of £13,000. Insiders purchased 121,000 shares of company stock valued at $6,292,000 over the last ninety days. Company insiders own 1.00% of the company’s stock.

CQS New City High Yield Company Profile

(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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