Courier Capital LLC Reduces Stock Position in CVR Partners, LP (NYSE:UAN)

Courier Capital LLC lowered its holdings in shares of CVR Partners, LP (NYSE:UAN) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,768 shares of the basic materials company’s stock after selling 156 shares during the quarter. Courier Capital LLC’s holdings in CVR Partners were worth $375,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UAN. Tucker Asset Management LLC purchased a new position in CVR Partners during the 3rd quarter valued at $123,000. Aristides Capital LLC purchased a new position in CVR Partners during the 4th quarter valued at $256,000. Parkside Financial Bank & Trust purchased a new position in CVR Partners during the 4th quarter valued at $458,000. Jump Financial LLC boosted its holdings in CVR Partners by 76.4% during the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after acquiring an additional 3,556 shares during the period. Finally, Independent Advisor Alliance raised its position in CVR Partners by 8.8% during the 4th quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after purchasing an additional 1,377 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

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

CVR Partners Price Performance

NYSE UAN traded down $0.08 on Friday, reaching $75.66. 8,984 shares of the stock traded hands, compared to its average volume of 39,430. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average price of $79.63 and a 200-day moving average price of $73.97. CVR Partners, LP has a 12 month low of $60.50 and a 12 month high of $94.38.

CVR Partners (NYSE:UAN) last issued its earnings results on Monday, April 29th. The basic materials company reported $1.19 earnings per share for the quarter. The business had revenue of $127.67 million during the quarter. CVR Partners had a return on equity of 26.35% and a net margin of 14.26%.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $1.92 dividend. This represents a $7.68 annualized dividend and a dividend yield of 10.15%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 10th. CVR Partners’s payout ratio is presently 97.71%.

CVR Partners Company 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.