Intrepid Potash, Inc. (NYSE:IPI) CEO Robert P. Jornayvaz III acquired 13,900 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $3.67 per share, for a total transaction of $51,013.00. Following the completion of the purchase, the chief executive officer now owns 1,206,650 shares in the company, valued at approximately $4,428,405.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of IPI traded down $0.20 on Friday, hitting $3.68. The company’s stock had a trading volume of 946,432 shares, compared to its average volume of 579,135. The company has a market capitalization of $502.43 million, a P/E ratio of 40.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.18 and a quick ratio of 1.82. Intrepid Potash, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $5.31.
Intrepid Potash (NYSE:IPI) last announced its earnings results on Tuesday, March 12th. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $34.90 million for the quarter, compared to the consensus estimate of $36.19 million. Intrepid Potash had a return on equity of 3.00% and a net margin of 6.04%. Intrepid Potash’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. On average, sell-side analysts anticipate that Intrepid Potash, Inc. will post 0.18 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Intrepid Potash from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. Intrepid Potash has an average rating of “Hold” and a consensus price target of $4.83.
Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in shares of Intrepid Potash in the 4th quarter worth approximately $27,000. SG Americas Securities LLC acquired a new position in shares of Intrepid Potash in the 4th quarter worth approximately $34,000. Macquarie Group Ltd. acquired a new position in shares of Intrepid Potash in the 4th quarter worth approximately $35,000. Legal & General Group Plc boosted its holdings in shares of Intrepid Potash by 24.1% in the 4th quarter. Legal & General Group Plc now owns 18,218 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 3,533 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Intrepid Potash in the 4th quarter worth approximately $65,000. 44.22% of the stock is currently owned by institutional investors and hedge funds.
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Intrepid Potash Company Profile
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.
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