Aristides Capital LLC Takes $245,000 Position in Intrepid Potash, Inc. (NYSE:IPI)

Aristides Capital LLC purchased a new stake in shares of Intrepid Potash, Inc. (NYSE:IPIFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,260 shares of the basic materials company’s stock, valued at approximately $245,000. Aristides Capital LLC owned 0.08% of Intrepid Potash at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Azarias Capital Management L.P. raised its stake in Intrepid Potash by 39.5% during the fourth quarter. Azarias Capital Management L.P. now owns 604,042 shares of the basic materials company’s stock valued at $14,431,000 after buying an additional 171,167 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Intrepid Potash by 18.3% in the fourth quarter. First Eagle Investment Management LLC now owns 403,470 shares of the basic materials company’s stock worth $9,639,000 after buying an additional 62,307 shares during the last quarter. Foundry Partners LLC lifted its stake 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 in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Intrepid Potash during the third quarter valued at approximately $1,706,000. Finally, Swiss National Bank increased its position in shares of Intrepid Potash by 5.6% during the third quarter. Swiss National Bank now owns 24,600 shares of the basic materials company’s stock valued at $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 Buying and Selling at Intrepid Potash

In other news, CEO Robert P. Jornayvaz III sold 5,384 shares of Intrepid Potash stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total transaction of $104,180.40. Following the transaction, the chief executive officer now directly owns 1,518,920 shares of the company’s stock, valued at approximately $29,391,102. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Robert P. Jornayvaz III sold 11,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.22, for a total value of $222,420.00. Following the transaction, the chief executive officer now directly owns 1,531,551 shares in the company, valued at $30,967,961.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert P. Jornayvaz III sold 5,384 shares of Intrepid Potash stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $19.35, for a total value of $104,180.40. Following the sale, the chief executive officer now directly owns 1,518,920 shares in the company, valued at approximately $29,391,102. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,662 shares of company stock valued at $644,835. Company insiders own 18.00% of the company’s stock.

Intrepid Potash Stock Performance

Intrepid Potash stock opened at $25.17 on Friday. The stock has a market cap of $334.01 million, a PE ratio of -7.45 and a beta of 2.22. The stock has a fifty day moving average of $22.86 and a 200 day moving average of $21.31. Intrepid Potash, Inc. has a one year low of $17.52 and a one year high of $28.30.

Intrepid Potash (NYSE:IPIGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.18). The business had revenue of $66.46 million for the quarter, compared to analysts’ expectations of $62.87 million. Intrepid Potash had a negative return on equity of 1.37% and a negative net margin of 15.95%. As a group, sell-side analysts predict that Intrepid Potash, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IPI has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Intrepid Potash from $21.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, May 10th. StockNews.com upgraded shares of Intrepid Potash to a “sell” rating in a research note on Friday, May 10th.

Read Our Latest Stock Analysis on Intrepid Potash

About Intrepid Potash

(Free Report)

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

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