Intrepid Potash, Inc. (NYSE:IPI) Major Shareholder Robert P. Jornayvaz III Sells 3,557 Shares

Intrepid Potash, Inc. (NYSE:IPI) major shareholder Robert P. Jornayvaz III sold 3,557 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.00, for a total transaction of $88,925.00. Following the completion of the transaction, the insider now owns 129,230 shares in the company, valued at $3,230,750. This represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Intrepid Potash Stock Down 1.8 %

Shares of IPI stock opened at $22.10 on Friday. The firm has a market capitalization of $290.90 million, a price-to-earnings ratio of -6.60 and a beta of 2.21. The stock has a fifty day moving average of $25.75 and a 200 day moving average of $24.48. Intrepid Potash, Inc. has a 52 week low of $17.52 and a 52 week high of $29.75.

Intrepid Potash (NYSE:IPI) last posted its earnings results on Monday, November 4th. The basic materials company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.25). Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. The company had revenue of $57.55 million during the quarter, compared to analysts’ expectations of $42.57 million. During the same period in the prior year, the business posted ($0.53) earnings per share. Equities research analysts anticipate that Intrepid Potash, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

IPI has been the topic of a number of recent analyst reports. StockNews.com raised shares of Intrepid Potash from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. UBS Group raised their target price on Intrepid Potash from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th.

Institutional Trading of Intrepid Potash

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Intrepid Potash in the 3rd quarter worth approximately $142,000. Quest Partners LLC grew its stake in Intrepid Potash by 24,863.2% in the third quarter. Quest Partners LLC now owns 9,486 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 9,448 shares during the period. Squarepoint Ops LLC bought a new position in Intrepid Potash in the second quarter worth $303,000. Barclays PLC lifted its position in Intrepid Potash by 282.6% during the third quarter. Barclays PLC now owns 14,350 shares of the basic materials company’s stock valued at $344,000 after buying an additional 10,599 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Intrepid Potash by 5.0% during the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company’s stock valued at $422,000 after buying an additional 861 shares in the last quarter. 56.13% of the stock is owned by institutional investors.

About Intrepid Potash

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.