SP Asset Management LLC Invests $558,000 in CVR Partners, LP $UAN

SP Asset Management LLC bought a new position in CVR Partners, LP (NYSE:UAN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,281 shares of the basic materials company’s stock, valued at approximately $558,000.

Several other hedge funds also recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its holdings in shares of CVR Partners by 17.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 7,380 shares of the basic materials company’s stock worth $656,000 after purchasing an additional 1,094 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of CVR Partners in the 1st quarter worth approximately $1,595,000. Advisors Asset Management Inc. bought a new stake in shares of CVR Partners in the 1st quarter worth approximately $266,000. State of Wyoming lifted its holdings in shares of CVR Partners by 45.4% in the 1st quarter. State of Wyoming now owns 3,310 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 1,033 shares during the last quarter. Finally, PEAK6 LLC bought a new stake in shares of CVR Partners in the 1st quarter worth approximately $573,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

CVR Partners Trading Up 0.8%

Shares of UAN stock opened at $98.81 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.40 and a current ratio of 3.45. CVR Partners, LP has a 1 year low of $63.45 and a 1 year high of $99.77. The stock has a fifty day moving average of $91.32 and a two-hundred day moving average of $88.18. The firm has a market capitalization of $1.69 billion, a PE ratio of 8.21 and a beta of 1.03.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $4.08 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 41.88% and a net margin of 20.70%.The company had revenue of $163.55 million during the quarter.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 10th will be given a dividend of $4.02 per share. This is a boost from CVR Partners’s previous quarterly dividend of $3.89. The ex-dividend date is Monday, November 10th. This represents a $16.08 dividend on an annualized basis and a yield of 16.3%. CVR Partners’s payout ratio is presently 133.55%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of CVR Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, CVR Partners currently has an average rating of “Buy”.

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.