Intrepid Potash, Inc (NYSE:IPI) major shareholder Clearway Capital Management Lt acquired 476,400 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $3.37 per share, for a total transaction of $1,605,468.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 9th, Clearway Capital Management Lt bought 460,000 shares of Intrepid Potash stock. The stock was acquired at an average cost of $3.37 per share, for a total transaction of $1,550,200.00.
  • On Tuesday, August 1st, Clearway Capital Management Lt bought 215,707 shares of Intrepid Potash stock. The stock was acquired at an average cost of $2.98 per share, for a total transaction of $642,806.86.
  • On Monday, July 31st, Clearway Capital Management Lt bought 32,141 shares of Intrepid Potash stock. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $96,423.00.
  • On Thursday, July 27th, Clearway Capital Management Lt bought 592,883 shares of Intrepid Potash stock. The stock was acquired at an average cost of $2.89 per share, for a total transaction of $1,713,431.87.
  • On Friday, July 21st, Clearway Capital Management Lt bought 300,000 shares of Intrepid Potash stock. The stock was acquired at an average cost of $2.83 per share, for a total transaction of $849,000.00.

Shares of Intrepid Potash, Inc (NYSE IPI) traded down 1.73% during trading on Friday, hitting $3.40. 1,165,119 shares of the stock were exchanged. The firm has a 50 day moving average of $2.83 and a 200-day moving average of $2.21. The company’s market cap is $416.92 million. Intrepid Potash, Inc has a 12-month low of $0.93 and a 12-month high of $3.93.

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

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A number of equities analysts have recently commented on IPI shares. Zacks Investment Research raised shares of Intrepid Potash from a “sell” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Wednesday. BidaskClub raised shares of Intrepid Potash from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $2.00 target price on shares of Intrepid Potash in a report on Friday, July 7th. Finally, UBS AG cut shares of Intrepid Potash from a “neutral” rating to a “sell” rating and lifted their target price for the company from $2.00 to $2.50 in a report on Monday.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in 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 valued at $131,000 after buying an additional 6,336 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Intrepid Potash by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 568,163 shares of the basic materials company’s stock valued at $977,000 after buying an additional 7,793 shares in the last quarter. Radnor Capital Management LLC raised its stake in 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 valued at $105,000 after buying an additional 21,600 shares in the last quarter. Royce & Associates LP raised its stake in Intrepid Potash by 7.7% in the first quarter. Royce & Associates LP now owns 339,406 shares of the basic materials company’s stock valued at $584,000 after buying an additional 24,406 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in 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 valued at $217,000 after buying an additional 29,646 shares in the last quarter. 42.41% of the stock is currently owned by institutional investors and hedge funds.

Intrepid Potash Company Profile

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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