In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cvr Partners Lp (NYSE:UAN) reported that Blackstone Holdings I L.p. has picked up 1,609,706 of common stock as of 2017-03-03.
The acquisition brings the aggregate amount owned by Blackstone Holdings I L.p. to a total of 1,609,706 representing a 1.4% stake in the company.
For those not familiar with the company, CVR Partners, LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. The Company operates through the United States segment. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its nitrogen fertilizer manufacturing facility in Coffeyville, Kansas, that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer. The nitrogen fertilizer plant processes approximately 1,300 tons per day of ammonia, and consists of a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of approximately 90 million standard cubic feet per day of hydrogen. The primary geographic markets for the Company’s fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado and Texas. It markets the ammonia products to industrial and agricultural customers and the UAN products to agricultural customers.
A glance at Cvr Partners Lp (NYSE:UAN)’s key stats reveals a current market capitalization of 593.60 million based on 113.28 Million shares outstanding and a price at last close of $5.20 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-04, Pytosh picked up 20,000 at a purchase price of $4.20. This brings their total holding to 75,932 as of the date of the filing.
On the sell side, the most recent transaction saw Gso unload 67,932 shares at a sale price of $6.10. This brings their total holding to 164,388.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cvr Partners Lp (NYSE:UAN) as things move forward to see if its progress aligns with these transactions.
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