Intrepid Potash, Inc (NYSE:IPI) insider Robert P. Jornayvaz III acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $3.31 per share, for a total transaction of $66,200.00. Following the completion of the acquisition, the insider now owns 1,206,650 shares of the company’s stock, valued at $3,994,011.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Robert P. Jornayvaz III also recently made the following trade(s):

  • On Monday, May 22nd, Robert P. Jornayvaz III acquired 50,000 shares of Intrepid Potash stock. The shares were bought at an average price of $2.30 per share, for a total transaction of $115,000.00.

Shares of Intrepid Potash, Inc (IPI) traded down 15.93% during midday trading on Monday, hitting $3.22. 4,697,914 shares of the company were exchanged. The firm’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.12. Intrepid Potash, Inc has a one year low of $0.93 and a one year high of $3.58. The firm’s market capitalization is $407.45 million.

Intrepid Potash (NYSE:IPI) last released its earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $37.75 million. During the same quarter in the previous year, the company earned ($0.17) EPS. Intrepid Potash’s quarterly revenue was down 15.3% compared to the same quarter last year. Analysts forecast that Intrepid Potash, Inc will post ($0.28) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new position in Intrepid Potash during the first quarter worth about $1,472,000. Dimensional Fund Advisors LP increased its position in Intrepid Potash by 40.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,918 shares of the basic materials company’s stock worth $1,949,000 after buying an additional 267,978 shares during the last quarter. Segantii Capital Management Ltd increased its position in 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 worth $238,000 after buying an additional 127,100 shares during the last quarter. Great Lakes Advisors LLC increased its position in Intrepid Potash by 35.4% in the first quarter. Great Lakes Advisors LLC now owns 1,439,761 shares of the basic materials company’s stock worth $2,476,000 after buying an additional 376,384 shares during the last quarter. Finally, Royce & Associates LP increased its position in Intrepid Potash by 7.7% in the first quarter. Royce & Associates LP now owns 339,406 shares of the basic materials company’s stock worth $584,000 after buying an additional 24,406 shares during the last quarter. Institutional investors own 42.41% of the company’s stock.

A number of brokerages recently commented on IPI. UBS AG lowered shares of Intrepid Potash from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $2.00 to $2.50 in a report on Monday. BMO Capital Markets restated a “hold” rating and set a $2.00 price objective on shares of Intrepid Potash in a report on Friday, July 7th. Zacks Investment Research upgraded shares of Intrepid Potash from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Intrepid Potash from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th.

About Intrepid Potash

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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