10,726 Shares in Intrepid Potash, Inc. (NYSE:IPI) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new position in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,726 shares of the basic materials company's stock, valued at approximately $235,000. EntryPoint Capital LLC owned about 0.08% of Intrepid Potash as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Intrepid Potash by 0.3% in the 4th quarter. American Century Companies Inc. now owns 185,844 shares of the basic materials company's stock worth $4,074,000 after buying an additional 577 shares during the period. First Eagle Investment Management LLC increased its position in shares of Intrepid Potash by 4.5% during the fourth quarter. First Eagle Investment Management LLC now owns 657,970 shares of the basic materials company's stock worth $14,423,000 after acquiring an additional 28,500 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Intrepid Potash during the fourth quarter valued at approximately $1,028,000. Azarias Capital Management L.P. raised its stake in shares of Intrepid Potash by 7.4% during the fourth quarter. Azarias Capital Management L.P. now owns 657,464 shares of the basic materials company's stock valued at $14,412,000 after acquiring an additional 45,446 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in shares of Intrepid Potash in the fourth quarter valued at approximately $1,269,000. Hedge funds and other institutional investors own 56.13% of the company's stock.

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Insider Buying and Selling at Intrepid Potash

In other news, major shareholder Robert P. Jornayvaz III sold 5,600 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $27.35, for a total transaction of $153,160.00. Following the transaction, the insider now directly owns 99,063 shares of the company's stock, valued at approximately $2,709,373.05. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 227,805 shares of company stock valued at $6,168,096. 18.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group reduced their price objective on Intrepid Potash from $21.00 to $20.00 and set a "sell" rating on the stock in a report on Tuesday, March 4th. StockNews.com downgraded Intrepid Potash from a "hold" rating to a "sell" rating in a report on Thursday, March 27th.

Intrepid Potash Stock Performance

NYSE:IPI traded down $0.36 during trading hours on Wednesday, reaching $29.17. The company's stock had a trading volume of 37,854 shares, compared to its average volume of 153,370. The stock has a 50 day moving average price of $26.87 and a two-hundred day moving average price of $25.63. The company has a market capitalization of $385.84 million, a P/E ratio of -8.72 and a beta of 2.18. Intrepid Potash, Inc. has a 12 month low of $18.83 and a 12 month high of $31.29.

Intrepid Potash (NYSE:IPI - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. The company had revenue of $55.80 million during the quarter, compared to the consensus estimate of $50.35 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. As a group, analysts predict that Intrepid Potash, Inc. will post -0.17 EPS for the current fiscal year.

Intrepid Potash Company Profile

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.