Robert P. Jornayvaz III Sells 3,557 Shares of Intrepid Potash, Inc. (NYSE:IPI) Stock

Intrepid Potash, Inc. (NYSE:IPI - Get Free Report) major shareholder Robert P. Jornayvaz III sold 3,557 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.00, for a total value of $88,925.00. Following the transaction, the insider now owns 129,230 shares in the company, valued at $3,230,750. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Intrepid Potash Stock Down 1.8 %

Shares of NYSE IPI traded down $0.40 during midday trading on Thursday, hitting $22.10. The stock had a trading volume of 74,971 shares, compared to its average volume of 93,790. The company has a market cap of $290.90 million, a P/E ratio of -6.60 and a beta of 2.21. Intrepid Potash, Inc. has a 52 week low of $17.52 and a 52 week high of $29.75. The business's 50 day moving average is $25.75 and its 200-day moving average is $24.48.

Intrepid Potash (NYSE:IPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.25). The firm had revenue of $57.55 million for the quarter, compared to analysts' expectations 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 quarter last year, the company posted ($0.53) EPS. As a group, analysts expect that Intrepid Potash, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Intrepid Potash

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Intrepid Potash during the third quarter worth $142,000. Quest Partners LLC boosted its position 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 purchasing an additional 9,448 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Intrepid Potash during the 2nd quarter worth $303,000. Barclays PLC increased its position in Intrepid Potash by 282.6% during the 3rd quarter. Barclays PLC now owns 14,350 shares of the basic materials company's stock valued at $344,000 after buying an additional 10,599 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Intrepid Potash by 5.0% in the second quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company's stock valued at $422,000 after buying an additional 861 shares during the last quarter. 56.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IPI has been the topic of a number of analyst reports. UBS Group raised their price target on shares of Intrepid Potash from $18.00 to $19.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Intrepid Potash from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th.

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.