CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $645,012.50 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 9,382 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of $68.75 per share, for a total transaction of $645,012.50. Following the completion of the acquisition, the insider now directly owns 9,382 shares in the company, valued at $645,012.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Up 0.9 %

Shares of UAN opened at $69.04 on Friday. The firm’s 50-day simple moving average is $68.77 and its 200 day simple moving average is $74.39. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a market cap of $1.18 billion, a P/E ratio of 13.89 and a beta of 1.28. CVR Partners, LP has a 52 week low of $60.50 and a 52 week high of $88.94.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid 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 6.89%. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Institutional Trading of CVR Partners

Several hedge funds have recently added to or reduced their stakes in UAN. Oxbow Advisors LLC increased 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 worth $208,000 after buying an additional 295 shares during the period. Apollon Wealth Management LLC bought a new position in CVR Partners during the third quarter worth about $244,000. Exchange Traded Concepts LLC acquired a new stake in CVR Partners in the 3rd quarter worth about $293,000. Virtu Financial LLC bought a new stake in CVR Partners in the 1st quarter valued at about $506,000. Finally, GSA Capital Partners LLP grew its position in shares of 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 worth $702,000 after purchasing an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research 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.