Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys 5,215 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 5,215 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $71.92 per share, for a total transaction of $375,062.80. Following the purchase, the insider now owns 96,855 shares in the company, valued at approximately $6,965,811.60. The trade was a 5.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of NYSE UAN traded down $0.68 during mid-day trading on Monday, reaching $71.69. 33,716 shares of the company’s stock were exchanged, compared to its average volume of 34,949. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The firm has a 50-day moving average price of $69.14 and a two-hundred day moving average price of $74.07. CVR Partners, LP has a 52 week low of $60.50 and a 52 week high of $88.94. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 14.38 and a beta of 1.28.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date is Friday, November 8th. CVR Partners’s payout ratio is currently 95.77%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. De Lisle Partners LLP boosted its position in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in 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 valued at $702,000 after purchasing an additional 1,187 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in CVR Partners during the 3rd quarter valued at approximately $244,000. Oxbow Advisors LLC grew its position in shares of CVR Partners by 10.5% during the third 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 in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners in the 3rd quarter worth about $293,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.