Creative Planning Acquires Shares of 21,300 Intrepid Potash, Inc. (IPI)

Creative Planning acquired a new stake in Intrepid Potash, Inc. (NYSE:IPI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,300 shares of the basic materials company’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Old West Investment Management LLC raised its holdings in shares of Intrepid Potash by 18.5% in the third quarter. Old West Investment Management LLC now owns 1,012,459 shares of the basic materials company’s stock valued at $4,414,000 after purchasing an additional 158,256 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Intrepid Potash by 18.3% in the third quarter. Royce & Associates LP now owns 579,955 shares of the basic materials company’s stock valued at $2,529,000 after purchasing an additional 89,749 shares during the last quarter. KBC Group NV acquired a new position in Intrepid Potash during the third quarter worth $374,000. Dimensional Fund Advisors LP increased its holdings in Intrepid Potash by 82.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,181,060 shares of the basic materials company’s stock worth $13,870,000 after buying an additional 1,435,178 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Intrepid Potash by 82.5% during the third quarter. Wells Fargo & Company MN now owns 105,505 shares of the basic materials company’s stock worth $460,000 after buying an additional 47,696 shares during the last quarter. Institutional investors own 47.92% of the company’s stock.

A number of equities analysts recently weighed in on IPI shares. Cowen restated a “sell” rating and set a $3.50 target price on shares of Intrepid Potash in a report on Friday, December 1st. BMO Capital Markets boosted their target price on shares of Intrepid Potash from $3.00 to $4.00 and gave the stock a “market perform” rating in a report on Tuesday, October 31st. Stephens started coverage on shares of Intrepid Potash in a report on Monday, December 4th. They set an “equal weight” rating and a $4.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Intrepid Potash from a “buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.55.

In other news, insider Robert P. Jornayvaz III bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of $3.85 per share, for a total transaction of $38,500.00. Following the completion of the acquisition, the insider now owns 1,206,650 shares in the company, valued at $4,645,602.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have purchased 25,100 shares of company stock worth $93,003. 27.30% of the stock is owned by corporate insiders.

Intrepid Potash, Inc. (NYSE:IPI) opened at $3.30 on Friday. Intrepid Potash, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $5.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.71 and a quick ratio of 1.17.

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About Intrepid Potash

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.

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Institutional Ownership by Quarter for Intrepid Potash (NYSE:IPI)

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