Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys 2,840 Shares of Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 2,840 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $74.74 per share, for a total transaction of $212,261.60. Following the completion of the acquisition, the insider now owns 174,192 shares in the company, valued at $13,019,110.08. The trade was a 1.66 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

Shares of NYSE UAN traded up $0.77 during mid-day trading on Tuesday, reaching $75.96. The company's stock had a trading volume of 23,710 shares, compared to its average volume of 35,424. The stock has a market capitalization of $1.30 billion, a P/E ratio of 15.28 and a beta of 1.35. CVR Partners, LP has a 1-year low of $61.62 and a 1-year high of $88.94. The stock has a 50-day moving average of $73.24 and a two-hundred day moving average of $72.76. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Friday, November 8th. CVR Partners's dividend payout ratio (DPR) is 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CVR Partners from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. McIlrath & Eck LLC purchased a new stake in shares of CVR Partners in the third quarter valued at about $51,000. Oxbow Advisors LLC grew its stake in shares of CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock valued at $208,000 after buying an additional 295 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners during the 3rd quarter worth approximately $244,000. Exchange Traded Concepts LLC purchased a new stake in shares of CVR Partners during the 3rd quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP lifted its holdings in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock valued at $702,000 after acquiring an additional 1,187 shares during the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.