PEAK6 LLC Makes New Investment in CVR Partners, LP $UAN

Key Points

• PEAK6 LLC has bought 7,626 shares of CVR Partners, LP, valuing the purchase at approximately $573,000.
• CVR Partners just declared a quarterly dividend of $3.89 per share, representing an annualized dividend of $15.56 and a yield of 17.4%.
• The company's stock performance shows a 52-week range between $62.94 and $98.99, with a market cap of $1.54 billion.

PEAK6 LLC purchased a new stake in shares of CVR Partners, LP (NYSE:UAN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,626 shares of the basic materials company's stock, valued at approximately $573,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC lifted its holdings in shares of CVR Partners by 137.2% during the fourth quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock valued at $137,000 after purchasing an additional 1,043 shares in the last quarter. Chancellor Financial Group WB LP bought a new position in CVR Partners during the fourth quarter valued at approximately $209,000. Stifel Financial Corp bought a new position in CVR Partners during the fourth quarter valued at approximately $227,000. Raymond James Financial Inc. bought a new position in CVR Partners during the fourth quarter valued at approximately $233,000. Finally, Novem Group bought a new position in CVR Partners during the fourth quarter valued at approximately $243,000. 43.83% of the stock is owned by institutional investors.

CVR Partners Stock Performance

CVR Partners stock traded up $0.12 during midday trading on Thursday, reaching $88.25. 3,390 shares of the company traded hands, compared to its average volume of 27,233. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.61 and a beta of 1.16. The business has a 50 day moving average of $90.49 and a two-hundred day moving average of $82.79. CVR Partners, LP has a 12 month low of $62.94 and a 12 month 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.

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

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $3.89 dividend. This is a positive change from CVR Partners's previous quarterly dividend of $2.26. This represents a $15.56 dividend on an annualized basis and a yield of 17.6%. The ex-dividend date of this dividend was Monday, August 11th. CVR Partners's dividend payout ratio is currently 187.02%.

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.