Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $566,859.77 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 7,927 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $71.51 per share, with a total value of $566,859.77. Following the transaction, the insider now directly owns 82,884 shares of the company’s stock, valued at approximately $5,927,034.84. This represents a 10.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

Shares of NYSE UAN opened at $72.19 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners, LP has a 1-year low of $60.50 and a 1-year high of $88.94. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.53 and a beta of 1.28. The business has a 50-day moving average of $69.14 and a 200-day moving average of $74.15.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders 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 yield of 6.59%. The ex-dividend date is Friday, November 8th. CVR Partners’s dividend payout ratio is presently 95.77%.

Institutional Trading of CVR Partners

Several large investors have recently bought and sold shares of UAN. Oxbow Advisors LLC grew its stake 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 acquiring an additional 295 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in CVR Partners in the third quarter valued at about $244,000. Exchange Traded Concepts LLC acquired a new stake in CVR Partners during the 3rd quarter valued at approximately $293,000. Virtu Financial LLC purchased a new stake in CVR Partners during the 1st quarter worth approximately $506,000. Finally, GSA Capital Partners LLP increased its holdings in 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 during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

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.