Intrepid Potash, Inc $IPI Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in shares of Intrepid Potash, Inc (NYSE:IPI) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,756 shares of the basic materials company’s stock after selling 21,514 shares during the quarter. Royce & Associates LP owned about 1.30% of Intrepid Potash worth $4,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Intrepid Potash by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,572 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 312 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Intrepid Potash by 7.3% during the first quarter. Empowered Funds LLC now owns 60,623 shares of the basic materials company’s stock valued at $1,782,000 after purchasing an additional 4,137 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Intrepid Potash by 123.0% during the second quarter. Legal & General Group Plc now owns 2,112 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 1,165 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Intrepid Potash during the second quarter valued at approximately $420,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Intrepid Potash during the second quarter valued at approximately $3,441,000. Institutional investors and hedge funds own 56.13% of the company’s stock.

Insider Transactions at Intrepid Potash

In related news, Director Lori A. Lancaster sold 4,800 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 10,540 shares of the company’s stock, valued at $476,829.60. This represents a 31.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IPI shares. UBS Group upped their target price on Intrepid Potash from $25.00 to $26.00 and gave the company a “sell” rating in a report on Thursday, May 14th. Weiss Ratings raised Intrepid Potash from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $26.00.

Intrepid Potash Trading Down 1.1%

NYSE:IPI opened at $38.98 on Friday. The firm has a market capitalization of $523.47 million, a PE ratio of 36.77 and a beta of 1.25. The stock has a 50 day moving average of $40.11 and a 200-day moving average of $34.36. Intrepid Potash, Inc has a 52 week low of $22.55 and a 52 week high of $50.34.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. Intrepid Potash had a return on equity of 4.53% and a net margin of 4.68%.The business had revenue of $98.69 million during the quarter, compared to analyst estimates of $88.30 million. As a group, analysts predict that Intrepid Potash, Inc will post 1.62 EPS for the current fiscal year.

About Intrepid Potash

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.