Robert P. Jornayvaz III Sells 10,000 Shares of Intrepid Potash, Inc. (NYSE:IPI) Stock

Intrepid Potash, Inc. (NYSE:IPI - Get Free Report) major shareholder Robert P. Jornayvaz III sold 10,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $25.09, for a total transaction of $250,900.00. Following the transaction, the insider now owns 132,787 shares of the company's stock, valued at $3,331,625.83. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Intrepid Potash Trading Down 1.8 %

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

Intrepid Potash (NYSE:IPI - Get Free Report) last posted its earnings results 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 analyst estimates of $42.57 million. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. During the same quarter last year, the firm posted ($0.53) EPS. On average, equities analysts expect that Intrepid Potash, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Intrepid Potash

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Intrepid Potash by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 51,775 shares of the basic materials company's stock valued at $1,213,000 after acquiring an additional 6,632 shares in the last quarter. Rhumbline Advisers lifted its holdings 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 acquiring an additional 861 shares during the period. Acuitas Investments LLC boosted its position in shares of Intrepid Potash by 21.0% during the 2nd quarter. Acuitas Investments LLC now owns 46,072 shares of the basic materials company's stock worth $1,079,000 after purchasing an additional 8,004 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Intrepid Potash by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 184,337 shares of the basic materials company's stock valued at $4,319,000 after purchasing an additional 14,968 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Intrepid Potash by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,538 shares of the basic materials company's stock valued at $17,281,000 after purchasing an additional 26,696 shares in the last quarter. Institutional investors and hedge funds own 56.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on IPI. UBS Group increased their target price on Intrepid Potash from $18.00 to $19.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. StockNews.com upgraded Intrepid Potash from a "sell" rating to a "hold" rating in a report 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.