Virtu Financial LLC Invests $226,000 in CVR Partners, LP (NYSE:UAN)

Virtu Financial LLC bought a new stake in CVR Partners, LP (NYSE:UAN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,981 shares of the basic materials company’s stock, valued at approximately $226,000.

Several other hedge funds have also modified their holdings of the stock. McIlrath & Eck LLC acquired a new stake in CVR Partners in the third quarter valued at approximately $51,000. Raymond James Financial Inc. purchased a new position in shares of CVR Partners in the fourth quarter valued at $233,000. Finally, Apollon Wealth Management LLC grew its holdings in CVR Partners by 18.4% during the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 667 shares in the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

CVR Partners Trading Down 1.0 %

Shares of UAN opened at $74.70 on Friday. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94. The stock has a 50-day moving average price of $78.23 and a 200 day moving average price of $74.52. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The company has a market capitalization of $1.28 billion, a P/E ratio of 12.97 and a beta of 1.23.

CVR Partners (NYSE:UAN) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The company had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.75 per share. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a yield of 9.37%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Insider Activity

In other news, major shareholder Carl C. Icahn purchased 2,840 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of $74.74 per share, for a total transaction of $212,261.60. Following the completion of the purchase, the insider now owns 174,192 shares of the company’s stock, valued at approximately $13,019,110.08. This trade represents a 1.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 17,397 shares of company stock worth $1,298,460.

About CVR Partners

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.