Apollon Wealth Management LLC Purchases New Stake in CVR Partners, LP (NYSE:UAN)

Apollon Wealth Management LLC bought a new position in CVR Partners, LP (NYSE:UAN) in the third quarter, Holdings Channel.com reports. The firm bought 3,628 shares of the basic materials company’s stock, valued at approximately $244,000.

A number of other large investors also recently modified their holdings of UAN. Founders Financial Alliance LLC increased its holdings in CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 1,400 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of CVR Partners during the 1st quarter valued at about $506,000. Exchange Traded Concepts LLC bought a new position in CVR Partners in the third quarter worth approximately $293,000. Finally, Oxbow Advisors LLC boosted its holdings in CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 295 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors.

CVR Partners Stock Performance

NYSE:UAN opened at $71.69 on Tuesday. CVR Partners, LP has a 1 year low of $60.50 and a 1 year high of $88.94. The business has a fifty day simple moving average of $69.25 and a two-hundred day simple moving average of $74.01. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The company has a market capitalization of $1.23 billion, a P/E ratio of 14.42 and a beta of 1.28.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s payout ratio is currently 95.77%.

Insider Transactions at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn acquired 5,215 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $71.92 per share, with a total value of $375,062.80. Following the completion of the purchase, the insider now owns 96,855 shares of the company’s stock, valued at approximately $6,965,811.60. This represents a 5.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 61,724 shares of company stock valued at $4,333,432 over the last three months.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CVR Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th.

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.