24,000 Shares in CVR Partners, LP (NYSE:UAN) Purchased by Rangeley Capital LLC

Rangeley Capital LLC purchased a new stake in shares of CVR Partners, LP (NYSE:UAN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,000 shares of the basic materials company's stock, valued at approximately $1,823,000. CVR Partners makes up approximately 1.6% of Rangeley Capital LLC's investment portfolio, making the stock its 20th biggest position. Rangeley Capital LLC owned about 0.14% of CVR Partners as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UAN. Apollon Wealth Management LLC boosted its stake in CVR Partners by 18.4% during the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock valued at $326,000 after buying an additional 667 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of CVR Partners in the 4th quarter worth approximately $233,000. Virtu Financial LLC bought a new stake in shares of CVR Partners in the 4th quarter worth approximately $226,000. Summit Securities Group LLC raised its holdings in shares of CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after purchasing an additional 1,600 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in CVR Partners during the third quarter valued at approximately $51,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

CVR Partners Stock Up 5.3 %

NYSE:UAN traded up $3.48 during trading hours on Tuesday, hitting $68.80. 18,744 shares of the stock traded hands, compared to its average volume of 31,912. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 11.94 and a beta of 0.89. The firm has a 50 day moving average price of $77.11 and a 200 day moving average price of $74.84. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week high of $88.94.

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CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. The firm 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 company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.75 per share. The ex-dividend date was Monday, March 3rd. This is an increase 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 10.18%. CVR Partners's dividend payout ratio (DPR) is 121.53%.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 6,071 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $66.65 per share, with a total value of $404,632.15. Following the purchase, the insider now owns 219,620 shares of the company's stock, valued at approximately $14,637,673. The trade was a 2.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 26,587 shares of company stock valued at $1,937,048 over the last ninety days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CVR Partners from a "strong-buy" rating to a "buy" rating in a research report 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.