Intrepid Potash, Inc. (NYSE:IPI) CEO Robert P. Jornayvaz III Sells 11,000 Shares

Intrepid Potash, Inc. (NYSE:IPIGet Free Report) CEO Robert P. Jornayvaz III sold 11,000 shares of Intrepid Potash stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.22, for a total transaction of $222,420.00. Following the completion of the sale, the chief executive officer now owns 1,531,551 shares of the company’s stock, valued at approximately $30,967,961.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Intrepid Potash Stock Performance

Intrepid Potash stock opened at $19.29 on Thursday. Intrepid Potash, Inc. has a 52 week low of $17.23 and a 52 week high of $29.39. The stock has a market capitalization of $253.49 million, a P/E ratio of -6.91 and a beta of 2.18. The stock has a fifty day moving average of $19.95 and a 200-day moving average of $21.53.

Intrepid Potash (NYSE:IPIGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.20). Intrepid Potash had a negative return on equity of 0.43% and a negative net margin of 12.78%. The company had revenue of $49.04 million for the quarter, compared to analyst estimates of $41.63 million. On average, research analysts forecast that Intrepid Potash, Inc. will post -0.09 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Intrepid Potash to a “sell” rating in a research note on Wednesday, January 24th.

Check Out Our Latest Stock Report on IPI

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IPI. American International Group Inc. increased its position in shares of Intrepid Potash by 5.4% during the 2nd quarter. American International Group Inc. now owns 5,212 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 268 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Intrepid Potash by 19.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the basic materials company’s stock valued at $74,000 after buying an additional 303 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Intrepid Potash by 0.9% in the 4th quarter. Panagora Asset Management Inc. now owns 37,727 shares of the basic materials company’s stock valued at $1,089,000 after buying an additional 335 shares in the last quarter. Credit Suisse AG grew its stake in Intrepid Potash by 2.1% during the fourth quarter. Credit Suisse AG now owns 17,141 shares of the basic materials company’s stock valued at $495,000 after acquiring an additional 354 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Intrepid Potash by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,813 shares of the basic materials company’s stock worth $832,000 after purchasing an additional 358 shares during the period. 49.12% of the stock is owned by institutional investors and hedge funds.

Intrepid Potash Company Profile

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Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.

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