Courier Capital LLC Has $375,000 Position in CVR Partners, LP (NYSE:UAN)

Courier Capital LLC lowered its holdings in CVR Partners, LP (NYSE:UAN) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and 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 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in CVR Partners in the 3rd quarter valued at about $123,000. Aristides Capital LLC bought a new stake in CVR Partners in the 4th quarter valued at about $256,000. Parkside Financial Bank & Trust bought a new stake in CVR Partners in the 4th quarter valued at about $458,000. Jump Financial LLC raised its stake in CVR Partners by 76.4% in 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 increased its position in shares of CVR Partners by 8.8% during the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after buying an additional 1,377 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CVR Partners Price Performance

Shares of NYSE UAN traded down $0.08 during midday trading on Friday, hitting $75.66. 8,984 shares of the company’s stock were exchanged, compared to its average volume of 39,430. CVR Partners, LP has a 12-month low of $60.50 and a 12-month high of $94.38. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 1.84. The business’s fifty day moving average price is $79.63 and its two-hundred day moving average price is $73.97.

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

CVR Partners Increases Dividend

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

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.