Virtu KCG Holdings LLC grew its stake in shares of Intrepid Potash, Inc (NYSE:IPI) by 1,024.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,339 shares of the basic materials company’s stock after buying an additional 127,860 shares during the quarter. Virtu KCG Holdings LLC owned about 0.11% of Intrepid Potash worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in shares of Intrepid Potash by 12.3% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Intrepid Potash by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 568,163 shares of the basic materials company’s stock worth $977,000 after buying an additional 7,793 shares in the last quarter. Radnor Capital Management LLC raised its position in shares of Intrepid Potash by 87.1% during the 2nd 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 in the last quarter. Royce & Associates LP raised its position in shares of Intrepid Potash by 7.7% during the 1st quarter. Royce & Associates LP now owns 339,406 shares of the basic materials company’s stock worth $584,000 after buying an additional 24,406 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Intrepid Potash by 30.6% during the 1st 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 in the last quarter. Institutional investors own 47.26% of the company’s stock.

In other Intrepid Potash news, insider Robert P. Jornayvaz III bought 20,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $3.31 per share, for a total transaction of $66,200.00. Following the transaction, the insider now owns 1,206,650 shares in the company, valued at approximately $3,994,011.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Clearway Capital Management Lt bought 476,400 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $3.37 per share, for a total transaction of $1,605,468.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 2,122,031 shares of company stock worth $6,603,387. Corporate insiders own 27.30% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Intrepid Potash from a “sell” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Wednesday, August 9th. UBS AG downgraded shares of Intrepid Potash from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $2.00 to $2.50 in a research report on Monday, August 7th. BMO Capital Markets boosted their price target on shares of Intrepid Potash from $2.00 to $3.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Intrepid Potash from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd.

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Intrepid Potash, Inc (IPI) opened at 3.88 on Thursday. The stock has a 50 day moving average of $3.97 and a 200 day moving average of $2.86. The firm’s market cap is $475.78 million. Intrepid Potash, Inc has a 52 week low of $0.93 and a 52 week high of $4.63.

Intrepid Potash (NYSE:IPI) last released its 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. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $37.75 million. During the same period in the prior year, the company posted ($0.17) EPS. The company’s revenue was down 15.3% compared to the same quarter last year. Analysts anticipate that Intrepid Potash, Inc will post ($0.20) EPS for the current year.

Intrepid Potash 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.

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

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