4,371 Shares in CVR Partners, LP (NYSE:UAN) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new stake in CVR Partners, LP (NYSE:UAN) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 4,371 shares of the basic materials company’s stock, valued at approximately $293,000.

Several other large investors also recently modified their holdings of UAN. Founders Financial Alliance LLC grew its position 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 worth $1,279,000 after acquiring an additional 1,400 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in CVR Partners during the 2nd quarter worth $212,000. Virtu Financial LLC acquired a new stake in CVR Partners during the 1st quarter worth $506,000. Finally, SG Americas Securities LLC bought a new position in CVR Partners during the 1st quarter worth about $820,000. 43.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

CVR Partners Trading Down 0.2 %

Shares of UAN stock opened at $73.85 on Monday. The firm has a 50 day moving average price of $69.31 and a two-hundred day moving average price of $75.38. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $1.26 billion, a PE ratio of 15.78 and a beta of 1.27. 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 results on Monday, July 29th. The basic materials company reported $2.48 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%. The business had revenue of $132.90 million during the quarter.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a dividend of $1.90 per share. The ex-dividend date was Monday, August 12th. This represents a $7.60 annualized dividend and a dividend yield of 10.29%. CVR Partners’s dividend payout ratio (DPR) is presently 162.39%.

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.