Intrepid Potash, Inc (NYSE:IPI) major shareholder Clearway Capital Management Lt purchased 300,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were purchased at an average cost of $2.83 per share, with a total value of $849,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Intrepid Potash, Inc (NYSE:IPI) traded down 1.77% during midday trading on Monday, reaching $2.77. 728,978 shares of the company traded hands. The firm’s market capitalization is $339.99 million. The stock has a 50 day moving average price of $2.39 and a 200 day moving average price of $2.07. Intrepid Potash, Inc has a 1-year low of $0.93 and a 1-year high of $3.04.

Intrepid Potash (NYSE:IPI) last issued its earnings results on Tuesday, May 2nd. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.06. Intrepid Potash had a negative return on equity of 14.71% and a negative net margin of 33.27%. The company had revenue of $48.30 million during the quarter, compared to analyst estimates of $33.18 million. During the same period last year, the business earned ($0.22) earnings per share. The firm’s revenue was down 34.1% compared to the same quarter last year. Analysts expect that Intrepid Potash, Inc will post ($0.29) earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Segantii Capital Management Ltd boosted its position in shares of Intrepid Potash by 1,134.8% in the first quarter. Segantii Capital Management Ltd now owns 138,300 shares of the basic materials company’s stock valued at $238,000 after buying an additional 127,100 shares during the last quarter. Royce & Associates LP raised its stake in shares of Intrepid Potash by 7.7% in the first quarter. Royce & Associates LP now owns 339,406 shares of the basic materials company’s stock valued at $584,000 after buying an additional 24,406 shares during the period. California Public Employees Retirement System raised its stake in shares of Intrepid Potash by 10.9% in the first quarter. California Public Employees Retirement System now owns 974,500 shares of the basic materials company’s stock valued at $1,676,000 after buying an additional 96,100 shares during the period. FMR LLC raised its stake in shares of Intrepid Potash by 10.8% in the first quarter. FMR LLC now owns 5,392,100 shares of the basic materials company’s stock valued at $9,274,000 after buying an additional 525,600 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Intrepid Potash by 180.0% in the first quarter. Wellington Management Group LLP now owns 126,757 shares of the basic materials company’s stock valued at $218,000 after buying an additional 81,484 shares during the period. Institutional investors own 42.40% of the company’s stock.

IPI has been the subject of several research reports. Zacks Investment Research lowered shares of Intrepid Potash from a “buy” rating to a “hold” rating in a report on Friday, April 28th. BidaskClub raised shares of Intrepid Potash from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $2.00 price target on shares of Intrepid Potash in a report on Friday, July 7th.

Intrepid Potash Company Profile

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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