Dimensional Fund Advisors LP Acquires 16,813 Shares of Intrepid Potash, Inc $IPI

Dimensional Fund Advisors LP raised its position in Intrepid Potash, Inc (NYSE:IPI) by 2.3% in the first quarter, HoldingsChannel reports. The fund owned 734,413 shares of the basic materials company’s stock after purchasing an additional 16,813 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Intrepid Potash worth $31,413,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Azarias Capital Management L.P. raised its holdings in shares of Intrepid Potash by 13.5% in the fourth quarter. Azarias Capital Management L.P. now owns 294,870 shares of the basic materials company’s stock valued at $8,177,000 after purchasing an additional 35,082 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Intrepid Potash in the 1st quarter valued at about $2,484,000. SG Americas Securities LLC boosted its holdings in Intrepid Potash by 1,773.2% in the 1st quarter. SG Americas Securities LLC now owns 98,754 shares of the basic materials company’s stock worth $4,224,000 after buying an additional 93,482 shares during the period. Goehring & Rozencwajg Associates LLC lifted its holdings in Intrepid Potash by 21.8% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 267,097 shares of the basic materials company’s stock worth $11,424,000 after purchasing an additional 47,781 shares in the last quarter. Finally, Gate City Capital Management LLC boosted its position in shares of Intrepid Potash by 338.6% in the fourth quarter. Gate City Capital Management LLC now owns 914,026 shares of the basic materials company’s stock valued at $25,346,000 after acquiring an additional 705,638 shares during the period. Institutional investors own 56.13% of the company’s stock.

Intrepid Potash Stock Performance

Shares of NYSE IPI opened at $33.97 on Wednesday. The firm’s 50 day moving average price is $34.94 and its 200-day moving average price is $36.96. The company has a market cap of $456.22 million, a PE ratio of 32.05 and a beta of 1.24. Intrepid Potash, Inc has a 52-week low of $22.55 and a 52-week high of $50.34.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.22). The firm had revenue of $66.69 million for the quarter, compared to analysts’ expectations of $64.86 million. Intrepid Potash had a net margin of 4.68% and a return on equity of 4.53%. On average, analysts forecast that Intrepid Potash, Inc will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IPI has been the topic of several recent analyst reports. Zacks Research cut Intrepid Potash from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Freedom Capital upgraded shares of Intrepid Potash to a “strong-buy” rating in a report on Friday, July 24th. Weiss Ratings raised Intrepid Potash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Finally, UBS Group raised their price objective on shares of Intrepid Potash from $25.00 to $26.00 and gave the stock a “sell” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.00.

Insider Activity

In other news, Director Lori A. Lancaster sold 4,800 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $45.24, for a total value of $217,152.00. Following the completion of the sale, the director directly owned 10,540 shares in the company, valued at $476,829.60. This represents a 31.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.30% of the stock is currently owned by insiders.

Intrepid Potash Profile

Intrepid Potash, Inc is a leading U.S.-based producer and marketer of potash and related specialty fertilizer products. The company’s primary business centers on potassium chloride, a key nutrient used in agricultural applications to enhance crop yield and quality. In addition to potash, Intrepid Potash produces magnesium chloride and sodium chloride, which serve a variety of markets including de-icing, dust control and industrial chemical production.

Intrepid Potash operates through a combination of solution mining, solar evaporation and conventional underground mining techniques.