Intrepid Potash, Inc (NYSE:IPI) major shareholder Clearway Capital Management Lt bought 460,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average price of $3.37 per share, with a total value of $1,550,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Clearway Capital Management Lt also recently made the following trade(s):

  • On Friday, August 11th, Clearway Capital Management Lt bought 476,400 shares of Intrepid Potash stock. The stock was bought at an average price of $3.37 per share, with a total value of $1,605,468.00.
  • On Tuesday, August 1st, Clearway Capital Management Lt bought 215,707 shares of Intrepid Potash stock. The stock was bought at an average price of $2.98 per share, with a total value of $642,806.86.
  • On Monday, July 31st, Clearway Capital Management Lt bought 32,141 shares of Intrepid Potash stock. The stock was bought at an average price of $3.00 per share, with a total value of $96,423.00.
  • On Thursday, July 27th, Clearway Capital Management Lt bought 592,883 shares of Intrepid Potash stock. The stock was bought at an average price of $2.89 per share, with a total value of $1,713,431.87.
  • On Friday, July 21st, Clearway Capital Management Lt bought 300,000 shares of Intrepid Potash stock. The stock was bought at an average price of $2.83 per share, with a total value of $849,000.00.

Intrepid Potash, Inc (NYSE:IPI) traded down 1.73% during mid-day trading on Friday, reaching $3.40. 1,165,119 shares of the company’s stock traded hands. The firm’s market cap is $416.92 million. Intrepid Potash, Inc has a one year low of $0.93 and a one year high of $3.93. The firm’s 50-day moving average price is $2.83 and its 200 day moving average price is $2.21.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $37.75 million. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. Intrepid Potash’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) EPS. On average, equities analysts forecast that Intrepid Potash, Inc will post ($0.24) EPS for the current year.

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A number of hedge funds have recently made changes to their positions in IPI. Radnor Capital Management LLC boosted its position in shares of Intrepid Potash by 87.1% in the second quarter. Radnor Capital Management LLC now owns 46,400 shares of the basic materials company’s stock worth $105,000 after buying an additional 21,600 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Intrepid Potash by 12.3% in the second quarter. Wells Fargo & Company MN now owns 57,809 shares of the basic materials company’s stock worth $131,000 after buying an additional 6,336 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Intrepid Potash during the second quarter worth approximately $132,000. Nationwide Fund Advisors boosted its position in shares of Intrepid Potash by 324.6% in the second quarter. Nationwide Fund Advisors now owns 69,865 shares of the basic materials company’s stock worth $158,000 after buying an additional 53,410 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Intrepid Potash by 30.6% in the first quarter. Parametric Portfolio Associates LLC now owns 126,394 shares of the basic materials company’s stock worth $217,000 after buying an additional 29,646 shares during the last quarter. Institutional investors own 42.41% of the company’s stock.

Several research analysts recently issued reports on IPI shares. Zacks Investment Research upgraded shares of Intrepid Potash from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Wednesday, April 26th. BMO Capital Markets restated a “hold” rating and set a $2.00 price target on shares of Intrepid Potash in a research report on Friday, July 7th. BidaskClub upgraded shares of Intrepid Potash from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, UBS AG lowered shares of Intrepid Potash from a “neutral” rating to a “sell” rating and upped their price target for the company from $2.00 to $2.50 in a research report on Monday.

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.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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