Peapod Lane Capital LLC Acquires Shares of 57,904 Intrepid Potash, Inc. (NYSE:IPI)

Peapod Lane Capital LLC purchased a new stake in Intrepid Potash, Inc. (NYSE:IPI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 57,904 shares of the basic materials company's stock, valued at approximately $1,269,000. Peapod Lane Capital LLC owned approximately 0.44% of Intrepid Potash as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Intrepid Potash by 0.8% in the third quarter. Geode Capital Management LLC now owns 231,594 shares of the basic materials company's stock valued at $5,560,000 after acquiring an additional 1,732 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 10,599 shares during the last quarter. Glenorchy Capital Ltd boosted its position in shares of Intrepid Potash by 95.7% in the 3rd quarter. Glenorchy Capital Ltd now owns 62,214 shares of the basic materials company's stock worth $1,493,000 after purchasing an additional 30,425 shares in the last quarter. State Street Corp grew its stake in Intrepid Potash by 0.6% during the 3rd 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, Pinnacle Associates Ltd. acquired a new position in Intrepid Potash during the 3rd quarter valued at about $3,100,000. Hedge funds and other institutional investors own 56.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on IPI shares. UBS Group raised their price target on Intrepid Potash from $19.00 to $21.00 and gave the stock a "sell" rating in a report on Tuesday, January 28th. StockNews.com raised shares of Intrepid Potash from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th.

Insider Buying and Selling at Intrepid Potash

In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 5,454 shares of Intrepid Potash stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $26.24, for a total transaction of $143,112.96. Following the completion of the sale, the insider now directly owns 371,533 shares in the company, valued at approximately $9,749,025.92. The trade was a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 428,748 shares of company stock worth $10,870,406. 18.00% of the stock is currently owned by insiders.

Intrepid Potash Stock Performance

Shares of NYSE IPI traded up $0.56 during mid-day trading on Monday, hitting $25.87. The stock had a trading volume of 169,219 shares, compared to its average volume of 137,020. The firm has a market cap of $342.26 million, a PE ratio of -7.72 and a beta of 2.23. The company has a 50 day moving average of $24.72 and a two-hundred day moving average of $24.68. Intrepid Potash, Inc. has a twelve month low of $18.32 and a twelve month high of $29.75.

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.