Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $212,261.60 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,840 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $74.74 per share, with a total value of $212,261.60. Following the completion of the purchase, the insider now owns 174,192 shares of the company’s stock, valued at approximately $13,019,110.08. The trade was a 1.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Up 1.4 %

Shares of NYSE UAN opened at $77.02 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.50 and a beta of 1.35. The business has a fifty day simple moving average of $73.49 and a 200-day simple moving average of $72.81.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio is presently 95.77%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. De Lisle Partners LLP lifted its position in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after acquiring an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of CVR Partners in the third quarter valued at $293,000. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners in the third quarter worth $244,000. Oxbow Advisors LLC purchased a new position in shares of CVR Partners during the second quarter valued at $212,000. Finally, Founders Financial Alliance LLC raised its position 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 period. 43.83% of the stock is owned by hedge funds and other institutional investors.

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.