De Lisle Partners LLP lifted its position in shares of CVR Partners, LP (NYSE:UAN - Free Report) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,717 shares of the basic materials company's stock after acquiring an additional 7,000 shares during the quarter. De Lisle Partners LLP owned 0.27% of CVR Partners worth $3,071,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of UAN. Founders Financial Alliance LLC increased its holdings in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company's stock valued at $1,279,000 after acquiring an additional 1,400 shares in the last quarter. GSA Capital Partners LLP increased its stake 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 valued at $702,000 after acquiring an additional 1,187 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of CVR Partners during the 1st quarter worth about $506,000. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners in the third quarter worth approximately $293,000. Finally, Apollon Wealth Management LLC purchased a new stake in CVR Partners in the third quarter valued at approximately $244,000. Institutional investors and hedge funds 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.
View Our Latest Stock Report on CVR Partners
CVR Partners Trading Up 7.8 %
UAN stock traded up $5.50 during trading on Thursday, reaching $75.77. 79,294 shares of the stock traded hands, compared to its average volume of 35,125. The firm has a market capitalization of $1.30 billion, a PE ratio of 15.25 and a beta of 1.28. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The business's 50 day moving average price is $69.90 and its 200-day moving average price is $73.63. CVR Partners, LP has a 52-week low of $60.50 and a 52-week high of $88.94.
CVR Partners Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.28%. CVR Partners's payout ratio is 95.77%.
Insider Buying and Selling
In other CVR Partners news, major shareholder Carl C. Icahn purchased 3,068 shares of CVR Partners stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $71.19 per share, with a total value of $218,410.92. Following the completion of the acquisition, the insider now owns 106,029 shares of the company's stock, valued at approximately $7,548,204.51. This trade represents a 2.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 64,792 shares of company stock valued at $4,551,843.
CVR Partners Company Profile
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Free Report)
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.
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