Pick Up This Cheap 16.0% Yielder Even Lower Than CEO and President Pytosh Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 4, CVR Partners LP's CEO and President, Mark A. Pytosh, invested $83,910.00 into 20,000 shares of UAN, for a cost per share of $4.20. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Wednesday, bargain hunters could buy shares of CVR Partners LP ( UAN) and achieve a cost basis even cheaper than Pytosh, with shares changing hands as low as $4.17 per share. CVR Partners LP shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of UAN shares, versus its 200 day moving average:

CVR Partners LP Chart

Looking at the chart above, UAN's low point in its 52 week range is $4.05 per share, with $9.75 as the 52 week high point — that compares with a last trade of $4.31. By comparison, below is a table showing the prices at which UAN insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/04/2016 Mark A. Pytosh CEO and President 20,000 $4.20 $83,910.00

The current annualized dividend paid by CVR Partners LP is $0.68/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/04/2016. Below is a long-term dividend history chart for UAN, which can be of good help in judging whether the most recent dividend with approx. 16.0% annualized yield is likely to continue.

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