Intrepid Potash, Inc (NYSE:IPI) major shareholder Clearway Capital Management Lt purchased 476,400 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $3.37 per share, for a total transaction of $1,605,468.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 Wednesday, August 9th, Clearway Capital Management Lt purchased 460,000 shares of Intrepid Potash stock. The shares were purchased at an average cost of $3.37 per share, for a total transaction of $1,550,200.00.
  • On Tuesday, August 1st, Clearway Capital Management Lt purchased 215,707 shares of Intrepid Potash stock. The shares were purchased at an average cost of $2.98 per share, for a total transaction of $642,806.86.
  • On Monday, July 31st, Clearway Capital Management Lt purchased 32,141 shares of Intrepid Potash stock. The shares were purchased at an average cost of $3.00 per share, for a total transaction of $96,423.00.
  • On Thursday, July 27th, Clearway Capital Management Lt purchased 592,883 shares of Intrepid Potash stock. The shares were purchased at an average cost of $2.89 per share, for a total transaction of $1,713,431.87.
  • On Friday, July 21st, Clearway Capital Management Lt purchased 300,000 shares of Intrepid Potash stock. The shares were purchased at an average cost of $2.83 per share, for a total transaction of $849,000.00.

Shares of Intrepid Potash, Inc (IPI) traded down 1.73% during trading on Friday, hitting $3.40. 1,165,119 shares of the stock traded hands. The stock’s market cap is $416.92 million. The stock has a 50 day moving average price of $2.83 and a 200-day moving average price of $2.21. Intrepid Potash, Inc has a 1-year low of $0.93 and a 1-year high of $3.93.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $37.75 million. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. Equities analysts forecast that Intrepid Potash, Inc will post ($0.24) EPS for the current year.

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IPI has been the topic of several analyst reports. Zacks Investment Research raised shares of Intrepid Potash from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research report on Wednesday, April 26th. BidaskClub raised shares of Intrepid Potash from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $2.00 price target on shares of Intrepid Potash in a research report on Friday, July 7th. Finally, UBS AG lowered shares of Intrepid Potash from a “neutral” rating to a “sell” rating and upped their price target for the stock from $2.00 to $2.50 in a research report on Monday, August 7th.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Intrepid Potash by 27.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,745,882 shares of the basic materials company’s stock worth $3,946,000 after buying an additional 371,180 shares during the period. Virtu KCG Holdings LLC increased its position in shares of Intrepid Potash by 1,024.6% in the second quarter. Virtu KCG Holdings LLC now owns 140,339 shares of the basic materials company’s stock worth $317,000 after buying an additional 127,860 shares during the period. Old West Investment Management LLC bought a new position in shares of Intrepid Potash during the second quarter worth $1,930,000. Vanguard Group Inc. increased its position in shares of Intrepid Potash by 30.5% in the second quarter. Vanguard Group Inc. now owns 4,255,979 shares of the basic materials company’s stock worth $9,619,000 after buying an additional 994,554 shares during the period. Finally, Northern Trust Corp increased its position in shares of Intrepid Potash by 540.0% in the second quarter. Northern Trust Corp now owns 1,091,221 shares of the basic materials company’s stock worth $2,466,000 after buying an additional 920,720 shares during the period. 42.41% of the stock is currently owned by institutional investors.

Intrepid Potash Company Profile

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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