Intrepid Potash, Inc $IPI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Intrepid Potash, Inc (NYSE:IPI) by 1,773.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,754 shares of the basic materials company’s stock after purchasing an additional 93,482 shares during the quarter. SG Americas Securities LLC owned 0.74% of Intrepid Potash worth $4,224,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Gate City Capital Management LLC grew its stake in shares of Intrepid Potash by 338.6% in the fourth quarter. Gate City Capital Management LLC now owns 914,026 shares of the basic materials company’s stock valued at $25,346,000 after buying an additional 705,638 shares in the last quarter. Vanguard Group Inc. lifted its stake in Intrepid Potash by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 726,027 shares of the basic materials company’s stock worth $22,202,000 after acquiring an additional 81,121 shares in the last quarter. Azarias Capital Management L.P. lifted its stake in Intrepid Potash by 13.5% during the 4th quarter. Azarias Capital Management L.P. now owns 294,870 shares of the basic materials company’s stock worth $8,177,000 after acquiring an additional 35,082 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its holdings in Intrepid Potash by 5.3% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 219,316 shares of the basic materials company’s stock valued at $6,082,000 after acquiring an additional 11,084 shares during the period. Finally, Royce & Associates LP boosted its holdings in Intrepid Potash by 1.7% during the 3rd quarter. Royce & Associates LP now owns 196,270 shares of the basic materials company’s stock valued at $6,002,000 after acquiring an additional 3,250 shares during the period. 56.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lori A. Lancaster sold 4,800 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $45.24, for a total transaction of $217,152.00. Following the completion of the transaction, the director directly owned 10,540 shares of the company’s stock, valued at approximately $476,829.60. The trade was a 31.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Intrepid Potash Trading Down 3.6%

Intrepid Potash stock opened at $33.35 on Tuesday. The firm has a market capitalization of $447.88 million, a P/E ratio of 31.46 and a beta of 1.22. Intrepid Potash, Inc has a twelve month low of $22.55 and a twelve month high of $50.34. The stock’s fifty day simple moving average is $37.64 and its 200-day simple moving average is $35.84.

Intrepid Potash (NYSE:IPI) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. Intrepid Potash had a return on equity of 4.53% and a net margin of 4.68%.The firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $88.30 million. Sell-side analysts predict that Intrepid Potash, Inc will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

IPI has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Intrepid Potash from $25.00 to $26.00 and gave the stock a “sell” rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of Intrepid Potash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $26.00.

Intrepid Potash Profile

Intrepid Potash, Inc is a leading U.S.-based producer and marketer of potash and related specialty fertilizer products. The company’s primary business centers on potassium chloride, a key nutrient used in agricultural applications to enhance crop yield and quality. In addition to potash, Intrepid Potash produces magnesium chloride and sodium chloride, which serve a variety of markets including de-icing, dust control and industrial chemical production.

Intrepid Potash operates through a combination of solution mining, solar evaporation and conventional underground mining techniques.