Intrepid Potash, Inc. (NYSE:IPI) major shareholder Clearway Capital Management Lt acquired 203,470 shares of the business’s stock in a transaction on Thursday, January 10th. The shares were bought at an average cost of $3.18 per share, with a total value of $647,034.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, December 13th, Clearway Capital Management Lt acquired 50,000 shares of Intrepid Potash stock. The shares were bought at an average cost of $3.00 per share, with a total value of $150,000.00.
  • On Wednesday, October 17th, Clearway Capital Management Lt acquired 306,467 shares of Intrepid Potash stock. The shares were bought at an average cost of $3.55 per share, with a total value of $1,087,957.85.
  • On Friday, October 19th, Clearway Capital Management Lt acquired 616,467 shares of Intrepid Potash stock. The shares were bought at an average cost of $3.59 per share, with a total value of $2,213,116.53.

NYSE IPI opened at $3.16 on Friday. The company has a quick ratio of 1.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.12. The company has a market cap of $410.36 million, a PE ratio of -17.56 and a beta of 0.92. Intrepid Potash, Inc. has a one year low of $2.51 and a one year high of $5.31.

Intrepid Potash (NYSE:IPI) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $36.53 million during the quarter, compared to the consensus estimate of $35.85 million. Intrepid Potash had a return on equity of 0.03% and a net margin of 1.59%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS. On average, sell-side analysts expect that Intrepid Potash, Inc. will post 0.06 EPS for the current year.

IPI has been the subject of a number of research reports. Zacks Investment Research upgraded Intrepid Potash from a “strong sell” rating to a “hold” rating in a research report on Friday. TheStreet upgraded Intrepid Potash from a “d+” rating to a “c-” rating in a research report on Monday, November 12th. BMO Capital Markets increased their target price on Intrepid Potash from $3.25 to $4.00 and gave the company a “market perform” rating in a research report on Wednesday, October 31st. Finally, Stephens set a $7.00 target price on Intrepid Potash and gave the company a “buy” rating in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Intrepid Potash presently has an average rating of “Hold” and an average target price of $4.81.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc boosted its position in shares of Intrepid Potash by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 4,466,602 shares of the basic materials company’s stock valued at $16,035,000 after acquiring an additional 51,376 shares during the last quarter. Marshall Wace LLP bought a new stake in Intrepid Potash in the third quarter worth $1,868,000. Vanguard Group Inc. lifted its position in Intrepid Potash by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,466,602 shares of the basic materials company’s stock worth $16,035,000 after buying an additional 51,376 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Intrepid Potash by 9.7% in the third quarter. TIAA CREF Investment Management LLC now owns 887,522 shares of the basic materials company’s stock worth $3,186,000 after buying an additional 78,183 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in Intrepid Potash by 51.7% in the third quarter. MetLife Investment Advisors LLC now owns 72,131 shares of the basic materials company’s stock worth $259,000 after buying an additional 24,598 shares during the last quarter. Hedge funds and other institutional investors own 43.50% of the company’s stock.

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About Intrepid Potash

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

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