Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $566,859.77 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 7,927 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of $71.51 per share, with a total value of $566,859.77. Following the transaction, the insider now directly owns 82,884 shares in the company, valued at approximately $5,927,034.84. The trade was a 10.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

UAN stock opened at $72.19 on Friday. The stock’s 50 day simple moving average is $69.14 and its 200 day simple moving average is $74.15. CVR Partners, LP has a 12-month low of $60.50 and a 12-month high of $88.94. The firm has a market cap of $1.24 billion, a P/E ratio of 14.53 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.59%. CVR Partners’s dividend payout ratio (DPR) is 95.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Oxbow Advisors LLC boosted its position in CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 295 shares during the period. GSA Capital Partners LLP grew its position in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares during the last quarter. Founders Financial Alliance LLC increased its holdings in shares of CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares during the period. Apollon Wealth Management LLC bought a new stake in CVR Partners in the 3rd quarter valued at about $244,000. Finally, Exchange Traded Concepts LLC acquired a new position in CVR Partners during the 3rd quarter valued at about $293,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CVR Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th.

About CVR Partners

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.