Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $463,708.96 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 6,236 shares of CVR Partners stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $74.36 per share, with a total value of $463,708.96. Following the transaction, the insider now owns 168,693 shares of the company’s stock, valued at approximately $12,544,011.48. This represents a 3.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

NYSE UAN opened at $75.25 on Friday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 15.14 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The business has a 50-day moving average price of $73.06 and a 200-day moving average price of $72.86. CVR Partners, LP has a twelve month low of $61.62 and a twelve month high of $88.94.

CVR Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is 95.77%.

Hedge Funds Weigh In On CVR Partners

Hedge funds have recently made changes to their positions in the business. De Lisle Partners LLP boosted its stake in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after acquiring an additional 7,000 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of CVR Partners in the third quarter worth about $293,000. Oxbow Advisors LLC bought a new position in shares of CVR Partners in the second quarter worth about $212,000. Founders Financial Alliance LLC boosted its stake in CVR Partners by 9.0% during the second 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 last quarter. Finally, McIlrath & Eck LLC bought a new position in CVR Partners during the third quarter valued at approximately $51,000. Institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th.

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.