CVR Partners, LP (NYSE:UAN) Shares Purchased by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its position in CVR Partners, LP (NYSE:UAN) by 9.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,898 shares of the basic materials company’s stock after acquiring an additional 1,400 shares during the quarter. Founders Financial Alliance LLC’s holdings in CVR Partners were worth $1,279,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of CVR Partners in the first quarter worth approximately $820,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners in the first quarter valued at about $506,000. Aristides Capital LLC acquired a new stake in shares of CVR Partners in the fourth quarter valued at about $256,000. Finally, Oxbow Advisors LLC purchased a new position in shares of CVR Partners in the second quarter worth about $212,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

CVR Partners Trading Down 0.3 %

Shares of UAN opened at $67.22 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.09 and a quick ratio of 1.73. The firm has a 50-day moving average price of $71.04 and a 200 day moving average price of $75.90. CVR Partners, LP has a 12-month low of $60.50 and a 12-month high of $88.94.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Monday, July 29th. The basic materials company reported $2.48 earnings per share for the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%. The company had revenue of $132.90 million during the quarter.

CVR Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were given a $1.90 dividend. The ex-dividend date was Monday, August 12th. This represents a $7.60 dividend on an annualized basis and a yield of 11.31%. CVR Partners’s payout ratio is currently 96.69%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CVR Partners from a “hold” rating to a “buy” rating in a report on Thursday, September 26th.

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.