Intrepid Potash, Inc. (NYSE:IPI) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its position in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 86.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,924 shares of the basic materials company's stock after selling 50,202 shares during the quarter. Acadian Asset Management LLC owned approximately 0.06% of Intrepid Potash worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Marquette Asset Management LLC purchased a new stake in shares of Intrepid Potash in the first quarter valued at $144,000. Aristides Capital LLC purchased a new stake in shares of Intrepid Potash in the fourth quarter valued at $245,000. Principal Financial Group Inc. lifted its position in shares of Intrepid Potash by 28.3% in the fourth quarter. Principal Financial Group Inc. now owns 12,995 shares of the basic materials company's stock valued at $310,000 after acquiring an additional 2,864 shares in the last quarter. Rhumbline Advisers lifted its position in shares of 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 acquiring an additional 861 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Intrepid Potash by 7.7% in the first quarter. Empowered Funds LLC now owns 31,732 shares of the basic materials company's stock valued at $662,000 after acquiring an additional 2,275 shares in the last quarter. 56.13% of the stock is currently owned by hedge funds and other institutional investors.

Intrepid Potash Trading Down 0.9 %

Shares of NYSE:IPI traded down $0.22 on Friday, hitting $24.28. The company had a trading volume of 130,950 shares, compared to its average volume of 95,782. The company has a market cap of $322.17 million, a PE ratio of -7.18 and a beta of 2.19. The business has a 50 day moving average of $23.87 and a 200 day moving average of $22.98. Intrepid Potash, Inc. has a 52-week low of $17.52 and a 52-week high of $28.00.

Intrepid Potash (NYSE:IPI - Get Free Report) last released its earnings results on Monday, August 5th. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.08). The business had revenue of $62.06 million during the quarter, compared to analyst estimates of $50.88 million. Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.02%. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, equities analysts predict that Intrepid Potash, Inc. will post 0.15 EPS for the current 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.