Advisors Asset Management Inc. Makes New Investment in CVR Partners, LP $UAN

Key Points

• Advisors Asset Management Inc. has acquired 3,541 shares of CVR Partners, LP, valued at approximately $266,000, marking a new position in the 1st quarter of the year.
• CVR Partners recently declared a quarterly dividend of $3.89, an increase from the previous $2.26, resulting in an annualized dividend of $15.56 and a yield of 17.9%.
• The company reported a net margin of 15.27% and earnings of $3.67 per share during its latest quarterly results, reflecting strong financial performance.

Advisors Asset Management Inc. bought a new stake in CVR Partners, LP (NYSE:UAN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,541 shares of the basic materials company's stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its stake in CVR Partners by 137.2% in the fourth quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock valued at $137,000 after acquiring an additional 1,043 shares during the last quarter. Chancellor Financial Group WB LP purchased a new position in CVR Partners in the fourth quarter valued at approximately $209,000. Stifel Financial Corp purchased a new position in CVR Partners in the fourth quarter valued at approximately $227,000. Novem Group purchased a new position in shares of CVR Partners during the 4th quarter valued at $243,000. Finally, State of Wyoming lifted its position in shares of CVR Partners by 45.4% during the 1st quarter. State of Wyoming now owns 3,310 shares of the basic materials company's stock valued at $249,000 after buying an additional 1,033 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

CVR Partners Stock Performance

Shares of NYSE UAN traded up $0.01 during trading on Wednesday, reaching $91.51. 23,952 shares of the stock traded hands, compared to its average volume of 17,006. CVR Partners, LP has a 52-week low of $62.94 and a 52-week high of $98.99. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.45 and a quick ratio of 2.40. The company has a 50-day moving average of $90.25 and a 200-day moving average of $83.40. The stock has a market capitalization of $1.57 billion, a P/E ratio of 11.00 and a beta of 1.16.

CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 EPS for the quarter. The business had revenue of $168.56 million for the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.35%.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were paid a dividend of $3.89 per share. This represents a $15.56 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date was Monday, August 11th. This is an increase from CVR Partners's previous quarterly dividend of $2.26. CVR Partners's dividend payout ratio is currently 187.02%.

CVR Partners 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.