Squarepoint Ops LLC acquired a new stake in shares of Intrepid Potash, Inc. (NYSE:IPI – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,943 shares of the basic materials company’s stock, valued at approximately $303,000.
Several other institutional investors have also modified their holdings of IPI. Marquette Asset Management LLC acquired a new position in shares of Intrepid Potash during the 1st quarter worth about $144,000. Rhumbline Advisers lifted its holdings in Intrepid Potash by 5.0% in the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 861 shares in the last quarter. Empowered Funds LLC boosted its stake in Intrepid Potash by 7.7% during the 1st quarter. Empowered Funds LLC now owns 31,732 shares of the basic materials company’s stock worth $662,000 after purchasing an additional 2,275 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Intrepid Potash during the second quarter worth $979,000. Finally, Acuitas Investments LLC raised its position in shares of Intrepid Potash by 21.0% in the second quarter. Acuitas Investments LLC now owns 46,072 shares of the basic materials company’s stock valued at $1,079,000 after buying an additional 8,004 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.
Intrepid Potash Trading Up 1.0 %
NYSE:IPI opened at $23.93 on Friday. Intrepid Potash, Inc. has a twelve month low of $17.52 and a twelve month high of $28.00. The company has a market cap of $317.79 million, a P/E ratio of -6.35 and a beta of 2.18. The company’s 50-day moving average price is $23.34 and its 200-day moving average price is $23.37.
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.
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