3,541 Shares in CVR Partners, LP $UAN Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. purchased a new position in shares of CVR Partners, LP (NYSE:UAN) in the first quarter, HoldingsChannel reports. The institutional investor purchased 3,541 shares of the basic materials company’s stock, valued at approximately $266,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. De Lisle Partners LLP boosted its position in CVR Partners by 10.8% during the 1st quarter. De Lisle Partners LLP now owns 50,633 shares of the basic materials company’s stock worth $3,805,000 after purchasing an additional 4,916 shares during the period. Bank of America Corp DE boosted its position in CVR Partners by 13.4% during the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock worth $975,000 after purchasing an additional 1,520 shares during the period. PEAK6 LLC purchased a new stake in CVR Partners during the 1st quarter worth $573,000. Apollon Wealth Management LLC boosted its position in CVR Partners by 46.4% during the 1st quarter. Apollon Wealth Management LLC now owns 6,286 shares of the basic materials company’s stock worth $473,000 after purchasing an additional 1,991 shares during the period. Finally, Virtu Financial LLC boosted its position in CVR Partners by 34.5% during the 1st quarter. Virtu Financial LLC now owns 4,010 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 1,029 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.

CVR Partners Stock Performance

NYSE:UAN opened at $86.71 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.45 and a quick ratio of 2.40. The firm has a 50-day moving average of $90.24 and a two-hundred day moving average of $83.09. The stock has a market cap of $1.48 billion, a P/E ratio of 10.42 and a beta of 1.16. CVR Partners, LP has a 1-year low of $62.94 and a 1-year high of $98.99.

CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share for the quarter. The company had revenue of $168.56 million during the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.35%.

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a $3.89 dividend. This represents a $15.56 dividend on an annualized basis and a yield of 17.9%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from CVR Partners’s previous quarterly dividend of $2.26. CVR Partners’s dividend payout ratio is currently 187.02%.

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.