Todd Hannigan Acquires 300,000 Shares of IperionX (NASDAQ:IPX) Stock

IperionX Limited Sponsored ADR (NASDAQ:IPX) Chairman Todd Hannigan acquired 300,000 shares of IperionX stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average cost of $3.59 per share, with a total value of $1,077,000.00. Following the purchase, the chairman owned 26,633,334 shares of the company’s stock, valued at $95,613,669.06. This represents a 1.14% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Todd Hannigan also recently made the following trade(s):

• On Friday, July 10th, Todd Hannigan bought 225,000 shares of IperionX stock. The stock was purchased at an average price of $3.58 per share, for a total transaction of $805,500.00.
• On Tuesday, April 28th, Todd Hannigan bought 220,000 shares of IperionX stock. The stock was purchased at an average price of $4.48 per share, for a total transaction of $985,600.00.
• On Wednesday, April 29th, Todd Hannigan purchased 260,000 shares of IperionX stock. The stock was purchased at an average cost of $4.20 per share, with a total value of $1,092,000.00.

IperionX Price Performance

IPX opened at $25.49 on Wednesday. The company has a fifty day moving average price of $33.94 and a 200-day moving average price of $37.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.00 and a current ratio of 4.03. IperionX Limited Sponsored ADR has a one year low of $21.66 and a one year high of $61.45.

Institutional Trading of IperionX

Several institutional investors and hedge funds have recently made changes to their positions in IPX. GAMMA Investing LLC lifted its holdings in shares of IperionX by 40.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,681 shares of the company’s stock worth $50,000 after acquiring an additional 483 shares during the last quarter. DLD Asset Management LP purchased a new stake in IperionX during the first quarter valued at about $260,000. Private Advisor Group LLC raised its position in IperionX by 69.9% during the first quarter. Private Advisor Group LLC now owns 63,111 shares of the company’s stock valued at $1,643,000 after purchasing an additional 25,964 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in IperionX during the fourth quarter worth about $119,000. Finally, XTX Topco Ltd bought a new stake in IperionX during the fourth quarter worth about $302,000. Hedge funds and other institutional investors own 2.76% of the company’s stock.

Key IperionX News

Here are the key news stories impacting IperionX this week:

• Positive Sentiment: CEO Anastasios Arima bought 138,720 shares for about $496,618, increasing his stake by 1.13% and adding to a prior purchase earlier this year. Insider Buying: IperionX (NASDAQ:IPX) CEO Acquires $496,617.60 in Stock
• Positive Sentiment: Chairman Todd Hannigan disclosed two separate purchases totaling 525,000 shares, worth about $1.88 million, signaling strong insider confidence in IperionX’s prospects. IperionX (NASDAQ:IPX) Chairman Todd Hannigan Purchases 225,000 Shares IperionX (NASDAQ:IPX) Chairman Todd Hannigan Acquires 300,000 Shares of Stock
• Neutral Sentiment: The purchases were made at around $3.58-$3.59 per share, well below where the stock has recently traded, which may underscore management’s view that the market is still discounting long-term value.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IPX. Roth Capital restated a “buy” rating on shares of IperionX in a research report on Monday, June 8th. BTIG Research raised their price target on IperionX from $40.00 to $55.00 and gave the company a “buy” rating in a report on Friday, June 5th. Alliance Global Partners reiterated a “buy” rating on shares of IperionX in a research report on Tuesday, April 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of IperionX in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.33.

IperionX Company Profile

IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of high‐purity titanium and zirconium products. The company’s core activities include the development of advanced mineral sands projects and the deployment of proprietary processing technologies aimed at supplying feedstocks to aerospace, defense, additive manufacturing and battery markets.

At the heart of IperionX’s operations is the Stony Creek Project in Virginia, where the company holds significant mineral sands rights.