Ian Cadby Acquires 26,000 Shares of CQS New City High Yield (LON:NCYF) Stock

CQS New City High Yield (LON:NCYF) insider Ian Cadby bought 26,000 shares of the stock in a transaction on Friday, July 17th. The shares were acquired at an average cost of GBX 52 per share, for a total transaction of £13,520.

CQS New City High Yield Stock Performance

Shares of NCYF opened at GBX 52.20 on Friday. CQS New City High Yield has a 52-week low of GBX 47.50 and a 52-week high of GBX 53.40. The stock’s 50-day simple moving average is GBX 51.19 and its 200 day simple moving average is GBX 50.94. 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 market capitalization of £360.42 million, a price-to-earnings ratio of 15.00 and a beta of 0.08.

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.