Intrepid Potash, Inc (NYSE:IPI) major shareholder Clearway Capital Management Lt bought 215,707 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $2.98 per share, for a total transaction of $642,806.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Clearway Capital Management Lt also recently made the following trade(s):

  • On Monday, July 31st, Clearway Capital Management Lt bought 32,141 shares of Intrepid Potash stock. The stock was acquired at an average price of $3.00 per share, for a total transaction of $96,423.00.
  • On Thursday, July 27th, Clearway Capital Management Lt bought 592,883 shares of Intrepid Potash stock. The stock was acquired at an average price of $2.89 per share, for a total transaction of $1,713,431.87.
  • On Friday, July 21st, Clearway Capital Management Lt bought 300,000 shares of Intrepid Potash stock. The stock was acquired at an average price of $2.83 per share, for a total transaction of $849,000.00.

Shares of Intrepid Potash, Inc (NYSE IPI) traded up 9.74% during trading on Friday, hitting $3.83. The stock had a trading volume of 4,291,295 shares. The stock has a 50 day moving average of $2.55 and a 200 day moving average of $2.12. Intrepid Potash, Inc has a 12 month low of $0.93 and a 12 month high of $3.90. The company’s market cap is $484.63 million.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Intrepid Potash had a negative return on equity of 12.37% and a negative net margin of 30.56%. The business had revenue of $43.90 million for the quarter, compared to the consensus estimate of $37.75 million. During the same period in the previous year, the business earned ($0.17) earnings per share. The business’s revenue was down 15.3% on a year-over-year basis. Equities analysts forecast that Intrepid Potash, Inc will post ($0.28) EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Fairfax Financial Holdings Ltd Can acquired a new position in shares of Intrepid Potash during the first quarter valued at approximately $28,500,000. FMR LLC boosted its stake in shares of Intrepid Potash by 10.8% in the first quarter. FMR LLC now owns 5,392,100 shares of the basic materials company’s stock valued at $9,274,000 after buying an additional 525,600 shares during the period. Bienville Capital Management LLC boosted its stake in shares of Intrepid Potash by 4,116.7% in the first quarter. Bienville Capital Management LLC now owns 2,560,728 shares of the basic materials company’s stock valued at $4,404,000 after buying an additional 2,500,000 shares during the period. Great Lakes Advisors LLC boosted its stake in shares of Intrepid Potash by 35.4% in the first quarter. Great Lakes Advisors LLC now owns 1,439,761 shares of the basic materials company’s stock valued at $2,476,000 after buying an additional 376,384 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Intrepid Potash by 46.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,374,702 shares of the basic materials company’s stock valued at $2,364,000 after buying an additional 437,784 shares during the period. Institutional investors and hedge funds own 42.41% of the company’s stock.

IPI has been the topic of a number of research analyst reports. BidaskClub upgraded Intrepid Potash from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Intrepid Potash from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Wednesday, April 26th. Finally, BMO Capital Markets restated a “hold” rating and issued a $2.00 target price on shares of Intrepid Potash in a research note on Friday, July 7th.

About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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