15,934 Shares in Intrepid Potash, Inc. (NYSE:IPI) Acquired by Glenorchy Capital Ltd

Glenorchy Capital Ltd acquired a new position in shares of Intrepid Potash, Inc. (NYSE:IPI) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 15,934 shares of the basic materials company’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Azarias Capital Management L.P. increased its stake in shares of Intrepid Potash by 39.5% during the 4th quarter. Azarias Capital Management L.P. now owns 604,042 shares of the basic materials company’s stock worth $14,431,000 after purchasing an additional 171,167 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Intrepid Potash by 35.4% during the third quarter. First Eagle Investment Management LLC now owns 341,163 shares of the basic materials company’s stock valued at $8,584,000 after buying an additional 89,125 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Intrepid Potash by 13.0% in the third quarter. Foundry Partners LLC now owns 143,391 shares of the basic materials company’s stock worth $3,608,000 after buying an additional 16,540 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Intrepid Potash in the third quarter worth about $1,706,000. Finally, Swiss National Bank boosted its stake in shares of Intrepid Potash by 5.6% during the 3rd quarter. Swiss National Bank now owns 24,600 shares of the basic materials company’s stock worth $619,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 56.13% of the company’s stock.

Insider Activity at Intrepid Potash

In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 63,372 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $20.43, for a total value of $1,294,689.96. Following the sale, the chief executive officer now directly owns 1,542,551 shares in the company, valued at approximately $31,514,316.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert P. Jornayvaz III sold 5,384 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total value of $104,180.40. Following the completion of the transaction, the chief executive officer now directly owns 1,518,920 shares in the company, valued at $29,391,102. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert P. Jornayvaz III sold 63,372 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $20.43, for a total value of $1,294,689.96. Following the completion of the transaction, the chief executive officer now directly owns 1,542,551 shares of the company’s stock, valued at $31,514,316.93. 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 ninety days. 18.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Intrepid Potash Stock Performance

Shares of Intrepid Potash stock traded down $0.07 during trading on Tuesday, reaching $19.71. The company’s stock had a trading volume of 74,137 shares, compared to its average volume of 115,209. The business’s fifty day moving average price is $20.24 and its 200-day moving average price is $20.51. Intrepid Potash, Inc. has a one year low of $17.23 and a one year high of $28.30. The firm has a market cap of $261.35 million, a price-to-earnings ratio of -7.06 and a beta of 2.18.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.20). Intrepid Potash had a negative return on equity of 0.43% and a negative net margin of 12.78%. The business had revenue of $49.04 million during the quarter, compared to the consensus estimate of $41.63 million. Sell-side analysts anticipate that Intrepid Potash, Inc. will post -0.07 EPS 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.