Virtu Financial LLC Acquires New Shares in CVR Partners, LP (NYSE:UAN)

Virtu Financial LLC acquired a new position in shares of CVR Partners, LP (NYSE:UAN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,981 shares of the basic materials company’s stock, valued at approximately $226,000.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of CVR Partners during the fourth quarter valued at $233,000. McIlrath & Eck LLC bought a new stake in CVR Partners in the 3rd quarter valued at about $51,000. Finally, Apollon Wealth Management LLC boosted its stake in CVR Partners by 18.4% during the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 667 shares during the period. 43.83% of the stock is owned by institutional investors and hedge funds.

CVR Partners Stock Down 1.0 %

Shares of CVR Partners stock opened at $74.70 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. CVR Partners, LP has a 1-year low of $62.94 and a 1-year high of $88.94. The business’s fifty day moving average price is $78.23 and its two-hundred day moving average price is $74.52. The company has a market capitalization of $1.28 billion, a P/E ratio of 12.97 and a beta of 1.23.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. The business had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $1.75 dividend. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio is currently 121.53%.

Insider Activity

In other news, major shareholder Carl C. Icahn acquired 3,746 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $74.97 per share, for a total transaction of $280,837.62. Following the completion of the acquisition, the insider now directly owns 177,938 shares in the company, valued at $13,340,011.86. This represents a 2.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 17,397 shares of company stock worth $1,298,460 over the last three months.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

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.