Robert P. Jornayvaz III Sells 5,600 Shares of Intrepid Potash, Inc. (NYSE:IPI) Stock

Intrepid Potash, Inc. (NYSE:IPI) major shareholder Robert P. Jornayvaz III sold 5,600 shares of Intrepid Potash stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $27.35, for a total value of $153,160.00. Following the completion of the transaction, the insider now owns 99,063 shares in the company, valued at $2,709,373.05. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Intrepid Potash Stock Down 2.5 %

Shares of IPI opened at $26.15 on Wednesday. Intrepid Potash, Inc. has a 12-month low of $17.52 and a 12-month high of $29.75. The firm has a market capitalization of $344.13 million, a price-to-earnings ratio of -7.81 and a beta of 2.23. The stock’s 50-day moving average price is $25.03 and its 200 day moving average price is $24.66.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.25). The company had revenue of $57.55 million for the quarter, compared to analyst estimates of $42.57 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. During the same period in the previous year, the firm posted ($0.53) earnings per share. Equities research analysts expect that Intrepid Potash, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on IPI shares. UBS Group boosted their price target on Intrepid Potash from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday. StockNews.com upgraded Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On Intrepid Potash

A number of institutional investors have recently added to or reduced their stakes in IPI. R Squared Ltd acquired a new stake in Intrepid Potash during the fourth quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new position in shares of Intrepid Potash in the 3rd quarter worth approximately $142,000. Quest Partners LLC boosted its holdings in shares of Intrepid Potash by 24,863.2% in the 3rd quarter. Quest Partners LLC now owns 9,486 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 9,448 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Intrepid Potash in the 2nd quarter worth approximately $303,000. Finally, Barclays PLC boosted its holdings in shares of Intrepid Potash by 282.6% in the 3rd quarter. Barclays PLC now owns 14,350 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 10,599 shares in the last quarter. 56.13% of the stock is owned by institutional investors and hedge funds.

About Intrepid Potash

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.