Hugh E. Harvey, Jr. Buys 20,000 Shares of Intrepid Potash, Inc. (NYSE:IPI) Stock
Intrepid Potash, Inc. (NYSE:IPI) Director Hugh E. Harvey, Jr. bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $3.23 per share, for a total transaction of $64,600.00. Following the completion of the purchase, the director now owns 231,972 shares in the company, valued at $749,269.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Intrepid Potash stock traded up $0.05 during trading hours on Tuesday, hitting $3.25. 486,911 shares of the stock traded hands, compared to its average volume of 485,714. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.57. The firm’s 50 day moving average price is $3.44. The firm has a market capitalization of $432.15 million, a PE ratio of 36.11 and a beta of 1.18. Intrepid Potash, Inc. has a 1 year low of $2.51 and a 1 year high of $4.41.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The business had revenue of $62.51 million for the quarter, compared to the consensus estimate of $55.68 million. Intrepid Potash had a return on equity of 5.52% and a net margin of 10.78%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. Sell-side analysts expect that Intrepid Potash, Inc. will post 0.21 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of IPI. Perella Weinberg Partners Capital Management LP grew its stake in Intrepid Potash by 817.3% during the 1st quarter. Perella Weinberg Partners Capital Management LP now owns 2,131,215 shares of the basic materials company’s stock valued at $8,077,000 after purchasing an additional 1,898,891 shares during the last quarter. BlackRock Inc. grew its stake in Intrepid Potash by 6.2% during the 4th quarter. BlackRock Inc. now owns 7,890,148 shares of the basic materials company’s stock valued at $20,514,000 after purchasing an additional 460,427 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Intrepid Potash by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,924,918 shares of the basic materials company’s stock valued at $18,005,000 after purchasing an additional 410,308 shares during the last quarter. Acadian Asset Management LLC grew its stake in Intrepid Potash by 40.1% during the 2nd quarter. Acadian Asset Management LLC now owns 495,599 shares of the basic materials company’s stock valued at $1,665,000 after purchasing an additional 141,741 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. grew its stake in Intrepid Potash by 9.3% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 1,570,488 shares of the basic materials company’s stock valued at $5,277,000 after purchasing an additional 133,848 shares during the last quarter. Institutional investors and hedge funds own 43.05% of the company’s stock.
About Intrepid Potash
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. 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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