Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires $69,001.32 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 921 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $74.92 per share, for a total transaction of $69,001.32. Following the completion of the transaction, the insider now directly owns 169,654 shares of the company’s stock, valued at $12,710,477.68. The trade was a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Up 0.1 %

Shares of UAN stock opened at $75.25 on Friday. 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, LP has a 12-month low of $61.62 and a 12-month high of $88.94. The stock has a market capitalization of $1.29 billion, a P/E ratio of 15.14 and a beta of 1.35. The firm’s 50 day moving average is $73.06 and its 200 day moving average is $72.86.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.33%. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Institutional Trading of CVR Partners

A number of hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in shares of CVR Partners during the 3rd quarter valued at about $51,000. Oxbow Advisors LLC boosted its holdings in shares of CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after buying an additional 295 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in CVR Partners during the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC purchased a new stake in CVR Partners during the third quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP raised its position in CVR Partners by 12.8% in 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 period. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

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.