Intrepid Potash, Inc. (NYSE:IPI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Intrepid Potash, Inc. (NYSE:IPI) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,961 shares of the basic materials company’s stock after selling 68,667 shares during the quarter. Federated Hermes Inc. owned about 0.88% of Intrepid Potash worth $2,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Intrepid Potash during the third quarter worth about $120,000. Principal Financial Group Inc. acquired a new position in Intrepid Potash during the third quarter worth about $255,000. WealthTrust Axiom LLC raised its stake in Intrepid Potash by 5.0% during the third quarter. WealthTrust Axiom LLC now owns 10,500 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 500 shares during the period. Barclays PLC raised its stake in Intrepid Potash by 33.5% during the third quarter. Barclays PLC now owns 14,646 shares of the basic materials company’s stock worth $369,000 after purchasing an additional 3,677 shares during the period. Finally, Swiss National Bank raised its stake in Intrepid Potash by 5.6% during the third quarter. Swiss National Bank now owns 24,600 shares of the basic materials company’s stock worth $619,000 after purchasing an additional 1,300 shares during the period. 56.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Robert P. Jornayvaz III sold 11,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.22, for a total transaction of $222,420.00. Following the completion of the sale, the chief executive officer now owns 1,531,551 shares in the company, valued at approximately $30,967,961.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Robert P. Jornayvaz III sold 11,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.22, for a total transaction of $222,420.00. Following the completion of the sale, the chief executive officer now owns 1,531,551 shares in the company, valued at approximately $30,967,961.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert P. Jornayvaz III sold 5,384 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total transaction of $104,180.40. Following the sale, the chief executive officer now owns 1,518,920 shares of the company’s stock, valued at approximately $29,391,102. The disclosure for this sale can be found here. Insiders sold a total of 96,034 shares of company stock worth $1,939,525 in the last 90 days. Company insiders own 18.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Intrepid Potash to a “sell” rating in a research report on Wednesday, January 24th.

Intrepid Potash Price Performance

NYSE IPI opened at $19.53 on Friday. The firm’s fifty day moving average price is $20.24 and its 200 day moving average price is $20.46. The company has a market capitalization of $258.97 million, a price-to-earnings ratio of -7.00 and a beta of 2.18. Intrepid Potash, Inc. has a 12 month low of $17.23 and a 12 month high of $28.30.

Intrepid Potash (NYSE:IPI) last posted its earnings results on Wednesday, March 6th. The basic materials company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.20). The company had revenue of $49.04 million during the quarter, compared to analysts’ expectations of $41.63 million. Intrepid Potash had a negative net margin of 12.78% and a negative return on equity of 0.43%. As a group, sell-side analysts forecast that Intrepid Potash, Inc. will post -0.07 earnings per share for the current year.

Intrepid Potash Company Profile

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.