Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases 10,697 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 10,697 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $71.82 per share, with a total value of $768,258.54. Following the acquisition, the insider now directly owns 66,249 shares in the company, valued at approximately $4,758,003.18. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Price Performance

Shares of NYSE UAN traded down $0.70 during midday trading on Wednesday, reaching $71.22. 33,232 shares of the stock traded hands, compared to its average volume of 35,006. The company’s 50 day moving average is $68.87 and its 200 day moving average is $74.25. CVR Partners, LP has a one year low of $60.50 and a one year 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. The stock has a market capitalization of $1.22 billion, a PE ratio of 14.33 and a beta of 1.28.

CVR Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.68%. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Hedge Funds Weigh In On CVR Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new position in shares of CVR Partners in the 3rd quarter valued at about $293,000. SG Americas Securities LLC purchased a new stake in CVR Partners during the first quarter valued at approximately $820,000. Oxbow Advisors LLC bought a new position in shares of CVR Partners during the 2nd quarter valued at approximately $212,000. Founders Financial Alliance LLC raised its holdings in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after buying an additional 1,400 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in CVR Partners during the third quarter worth $244,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

CVR Partners Company Profile

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.