Robert P. Jornayvaz III Sells 47,429 Shares of Intrepid Potash, Inc. (NYSE:IPI) Stock

Intrepid Potash, Inc. (NYSE:IPI - Get Free Report) major shareholder Robert P. Jornayvaz III sold 47,429 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $26.54, for a total transaction of $1,258,765.66. Following the completion of the transaction, the insider now owns 1,164,794 shares in the company, valued at $30,913,632.76. This represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Intrepid Potash Stock Down 0.3 %

Shares of NYSE IPI traded down $0.10 during midday trading on Friday, reaching $28.91. 174,435 shares of the company's stock traded hands, compared to its average volume of 97,676. The stock's 50 day simple moving average is $26.42 and its 200-day simple moving average is $25.28. Intrepid Potash, Inc. has a one year low of $18.55 and a one year high of $29.75. The company has a market cap of $382.30 million, a price-to-earnings ratio of -8.63 and a beta of 2.18.

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

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Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price objective on shares of Intrepid Potash from $21.00 to $20.00 and set a "sell" rating on the stock in a research note on Tuesday, March 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC raised its holdings in shares of Intrepid Potash by 4.5% in 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 buying an additional 28,500 shares during the last quarter. Azarias Capital Management L.P. raised its holdings in shares of Intrepid Potash by 7.4% in the fourth quarter. Azarias Capital Management L.P. now owns 657,464 shares of the basic materials company's stock worth $14,412,000 after buying an additional 45,446 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intrepid Potash by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 234,908 shares of the basic materials company's stock worth $5,151,000 after buying an additional 3,314 shares during the last quarter. State Street Corp raised its holdings in shares of Intrepid Potash by 0.6% in the third quarter. State Street Corp now owns 227,169 shares of the basic materials company's stock worth $5,452,000 after buying an additional 1,402 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in shares of Intrepid Potash by 0.6% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 209,362 shares of the basic materials company's stock worth $4,803,000 after buying an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 56.13% of the company's stock.

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.