Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 4,593 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 4,593 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $72.76 per share, for a total transaction of $334,186.68. Following the acquisition, the insider now directly owns 91,640 shares of the company’s stock, valued at $6,667,726.40. This trade represents a 5.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Up 0.6 %

NYSE:UAN opened at $71.69 on Thursday. The business’s 50-day moving average is $69.50 and its two-hundred day moving average is $73.93. The firm has a market capitalization of $1.23 billion, a PE ratio of 14.42 and a beta of 1.28. CVR Partners, LP has a 12 month low of $60.50 and a 12 month high of $88.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44.

CVR Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.64%. CVR Partners’s payout ratio is currently 95.77%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CVR Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. De Lisle Partners LLP raised its stake in shares of CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 1,400 shares during the period. GSA Capital Partners LLP grew its holdings in CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares in the last quarter. Virtu Financial LLC purchased a new stake in CVR Partners during the 1st quarter worth $506,000. Finally, Exchange Traded Concepts LLC acquired a new position in CVR Partners in the 3rd quarter worth $293,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.