Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases 7,927 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 7,927 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $71.51 per share, with a total value of $566,859.77. Following the completion of the acquisition, the insider now directly owns 82,884 shares in the company, valued at $5,927,034.84. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Down 1.0 %

UAN stock traded down $0.70 during midday trading on Wednesday, hitting $71.22. The company’s stock had a trading volume of 33,232 shares, compared to its average volume of 35,006. CVR Partners, LP has a 52-week low of $60.50 and a 52-week high of $88.94. The firm has a 50-day simple moving average of $68.87 and a 200-day simple moving average of $74.25. 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 firm has a market capitalization of $1.22 billion, a P/E ratio of 14.33 and a beta of 1.28.

CVR Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.68%. CVR Partners’s payout ratio is 95.77%.

Institutional Investors Weigh In On CVR Partners

Large investors have recently bought and sold shares of the stock. 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 worth $208,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in CVR Partners in the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC purchased a new position in CVR Partners in the third quarter worth approximately $293,000. Virtu Financial LLC acquired a new position in CVR Partners during the 1st quarter worth approximately $506,000. Finally, GSA Capital Partners LLP lifted its position in shares of 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. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research note 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.