Anastasios Arima Acquires 110,000 Shares of IperionX (NASDAQ:IPX) Stock

IperionX Limited Sponsored ADR (NASDAQ:IPX) CEO Anastasios Arima purchased 110,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $4.49 per share, for a total transaction of $493,900.00. Following the completion of the acquisition, the chief executive officer owned 12,316,782 shares of the company’s stock, valued at approximately $55,302,351.18. The trade was a 0.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

IperionX Stock Up 13.9%

IPX traded up $4.03 on Thursday, reaching $33.08. 259,401 shares of the company traded hands, compared to its average volume of 231,422. The company has a current ratio of 4.03, a quick ratio of 4.00 and a debt-to-equity ratio of 0.03. IperionX Limited Sponsored ADR has a one year low of $19.43 and a one year high of $61.45. The firm has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $39.12.

IperionX (NASDAQ:IPX) last issued its earnings results on Saturday, January 31st. The company reported ($0.50) EPS for the quarter. Sell-side analysts predict that IperionX Limited Sponsored ADR will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. B. Riley Financial dropped their price target on IperionX from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. BTIG Research began coverage on IperionX in a report on Friday, March 27th. They issued a “buy” rating and a $40.00 price objective for the company. William Blair assumed coverage on shares of IperionX in a research note on Tuesday, January 13th. They issued an “outperform” rating for the company. Roth Mkm reissued a “buy” rating and set a $74.00 target price on shares of IperionX in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of IperionX in a report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, IperionX has a consensus rating of “Moderate Buy” and an average target price of $55.33.

Institutional Trading of IperionX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp purchased a new position in shares of IperionX in the 3rd quarter valued at $40,997,000. Millennium Management LLC purchased a new position in IperionX in the fourth quarter valued at about $4,249,000. Jane Street Group LLC grew its stake in IperionX by 62.5% in the fourth quarter. Jane Street Group LLC now owns 129,020 shares of the company’s stock valued at $4,669,000 after purchasing an additional 49,645 shares during the last quarter. Private Advisor Group LLC raised its holdings in IperionX by 69.9% in the first quarter. Private Advisor Group LLC now owns 63,111 shares of the company’s stock worth $1,643,000 after purchasing an additional 25,964 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of IperionX by 69.0% during the second quarter. Bank of America Corp DE now owns 35,441 shares of the company’s stock valued at $1,116,000 after buying an additional 14,467 shares during the last quarter. Institutional investors own 2.76% of the company’s stock.

IperionX Company Profile

IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of high‐purity titanium and zirconium products. The company’s core activities include the development of advanced mineral sands projects and the deployment of proprietary processing technologies aimed at supplying feedstocks to aerospace, defense, additive manufacturing and battery markets.

At the heart of IperionX’s operations is the Stony Creek Project in Virginia, where the company holds significant mineral sands rights.