Intrepid Potash, Inc (NYSE:IPI) major shareholder Clearway Capital Management Lt bought 460,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average price of $3.37 per share, for a total transaction of $1,550,200.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Clearway Capital Management Lt also recently made the following trade(s):

  • On Friday, August 11th, Clearway Capital Management Lt bought 476,400 shares of Intrepid Potash stock. The shares were purchased at an average price of $3.37 per share, for a total transaction of $1,605,468.00.
  • On Tuesday, August 1st, Clearway Capital Management Lt bought 215,707 shares of Intrepid Potash stock. The shares were purchased at an average price of $2.98 per share, for a total transaction of $642,806.86.
  • On Monday, July 31st, Clearway Capital Management Lt bought 32,141 shares of Intrepid Potash stock. The shares were purchased at an average price of $3.00 per share, for a total transaction of $96,423.00.
  • On Thursday, July 27th, Clearway Capital Management Lt bought 592,883 shares of Intrepid Potash stock. The shares were purchased at an average price of $2.89 per share, for a total transaction of $1,713,431.87.
  • On Friday, July 21st, Clearway Capital Management Lt bought 300,000 shares of Intrepid Potash stock. The shares were purchased at an average price of $2.83 per share, for a total transaction of $849,000.00.

Shares of Intrepid Potash, Inc (IPI) traded down 1.73% during trading on Friday, hitting $3.40. The stock had a trading volume of 1,165,119 shares. The company’s market capitalization is $416.92 million. The company’s 50 day moving average price is $2.83 and its 200 day moving average price is $2.21. Intrepid Potash, Inc has a 52 week low of $0.93 and a 52 week high of $3.93.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $43.90 million for the quarter, compared to analysts’ expectations of $37.75 million. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. Intrepid Potash’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) EPS. Analysts predict that Intrepid Potash, Inc will post ($0.24) earnings per share for the current year.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Intrepid Potash from a “sell” rating to a “buy” rating and set a $3.75 target price on the stock in a research note on Wednesday. UBS AG lowered Intrepid Potash from a “neutral” rating to a “sell” rating and increased their target price for the stock from $2.00 to $2.50 in a research note on Monday. BMO Capital Markets increased their target price on Intrepid Potash from $2.00 to $3.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded Intrepid Potash from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd.

Several large investors have recently bought and sold shares of the company. Radnor Capital Management LLC boosted its stake in Intrepid Potash by 87.1% in the second quarter. Radnor Capital Management LLC now owns 46,400 shares of the basic materials company’s stock worth $105,000 after buying an additional 21,600 shares during the period. Wells Fargo & Company MN boosted its stake in Intrepid Potash by 12.3% in the second quarter. Wells Fargo & Company MN now owns 57,809 shares of the basic materials company’s stock worth $131,000 after buying an additional 6,336 shares during the period. New York State Common Retirement Fund bought a new stake in Intrepid Potash during the second quarter worth approximately $132,000. Nationwide Fund Advisors boosted its stake in Intrepid Potash by 324.6% in the second quarter. Nationwide Fund Advisors now owns 69,865 shares of the basic materials company’s stock worth $158,000 after buying an additional 53,410 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Intrepid Potash by 30.6% in the first quarter. Parametric Portfolio Associates LLC now owns 126,394 shares of the basic materials company’s stock worth $217,000 after buying an additional 29,646 shares during the period. 42.41% of the stock is currently owned by institutional investors.

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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