Novem Group Takes Position in CVR Partners, LP (NYSE:UAN)

Novem Group bought a new stake in CVR Partners, LP (NYSE:UAN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,200 shares of the basic materials company's stock, valued at approximately $243,000.

Several other hedge funds have also modified their holdings of UAN. Apollon Wealth Management LLC boosted its holdings in CVR Partners by 18.4% in the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after acquiring an additional 667 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CVR Partners during the fourth quarter worth $233,000. Virtu Financial LLC acquired a new position in CVR Partners in the fourth quarter valued at approximately $226,000. Summit Securities Group LLC lifted its holdings in CVR Partners by 123.1% in the fourth 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 during the period. Finally, Rangeley Capital LLC bought a new position in CVR Partners in the 4th quarter valued at about $1,823,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CVR Partners

In other news, major shareholder Carl C. Icahn bought 500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $74.98 per share, with a total value of $37,490.00. Following the completion of the transaction, the insider now directly owns 207,686 shares in the company, valued at $15,572,296.28. This represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 51,742 shares of company stock worth $3,739,884.

CVR Partners Stock Down 0.1%

NYSE UAN traded down $0.10 during trading on Wednesday, reaching $82.75. 8,151 shares of the company's stock were exchanged, compared to its average volume of 30,544. 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 $84.96. The company's fifty day simple moving average is $76.93 and its 200-day simple moving average is $77.03. The firm has a market capitalization of $1.42 billion, a PE ratio of 14.37 and a beta of 1.07.

CVR Partners (NYSE:UAN - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter. The business had revenue of $142.87 million during the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

CVR Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Tuesday, May 13th were issued a dividend of $2.26 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 11.3%. CVR Partners's dividend payout ratio (DPR) is presently 126.79%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 30th.

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.