Insider Buying: CQS New City High Yield (LON:NCYF) Insider Buys 38,600 Shares of Stock

CQS New City High Yield (LON:NCYF) insider Wendy Dorman purchased 38,600 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of GBX 51 ($0.66) per share, for a total transaction of £19,686 ($25,368.56).

CQS New City High Yield Price Performance

NCYF opened at GBX 51 ($0.66) on Friday. The company has a current ratio of 0.33, a quick ratio of 2.43 and a debt-to-equity ratio of 12.80. The stock has a market capitalization of £299.73 million, a P/E ratio of 6.40 and a beta of 0.46. The stock has a 50-day moving average price of GBX 51.83 and a 200-day moving average price of GBX 51.79. CQS New City High Yield has a 12-month low of GBX 49 ($0.63) and a 12-month high of GBX 54 ($0.70).

CQS New City High Yield (LON:NCYF) last issued its earnings results on Wednesday, December 18th. The company reported GBX 4.50 ($0.06) earnings per share (EPS) for the quarter. CQS New City High Yield had a return on equity of 16.49% and a net margin of 88.30%.

CQS New City High Yield Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date was Thursday, January 23rd. This represents a yield of 1.89%. CQS New City High Yield’s dividend payout ratio is presently 50.20%.

CQS New City High Yield Company Profile

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.