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.

IPI has been the topic of several research analyst reports. Zacks Investment Research upgraded Intrepid Potash from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research note on Friday. ValuEngine downgraded Intrepid Potash from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.92.

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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