Exchange Traded Concepts LLC Makes New Investment in CVR Partners, LP (NYSE:UAN)

Exchange Traded Concepts LLC bought a new stake in CVR Partners, LP (NYSE:UAN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,371 shares of the basic materials company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UAN. Oxbow Advisors LLC acquired a new position in CVR Partners in the second quarter valued at $212,000. Virtu Financial LLC bought a new position in CVR Partners during the 1st quarter worth approximately $506,000. SG Americas Securities LLC bought a new position in CVR Partners during the 1st quarter worth approximately $820,000. Finally, Founders Financial Alliance LLC lifted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Ratings Changes

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

CVR Partners Stock Down 0.2 %

Shares of CVR Partners stock opened at $73.85 on Monday. The stock’s fifty day moving average is $69.31 and its 200-day moving average is $75.38. The firm has a market capitalization of $1.26 billion, a PE ratio of 15.78 and a beta of 1.27. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80. 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 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 for 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 paid 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.