Insider Selling: Intrepid Potash, Inc. (NYSE:IPI) CEO Sells 5,384 Shares of Stock

Intrepid Potash, Inc. (NYSE:IPIGet Free Report) CEO Robert P. Jornayvaz III sold 5,384 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total transaction of $104,180.40. Following the transaction, the chief executive officer now directly owns 1,518,920 shares of the company’s stock, valued at approximately $29,391,102. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Intrepid Potash Trading Down 4.7 %

Intrepid Potash stock opened at $18.58 on Friday. Intrepid Potash, Inc. has a twelve month low of $17.23 and a twelve month high of $28.35. The firm has a market capitalization of $244.14 million, a P/E ratio of -6.66 and a beta of 2.18. The stock’s fifty day simple moving average is $19.73 and its 200-day simple moving average is $21.15.

Intrepid Potash (NYSE:IPIGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.20). Intrepid Potash had a negative net margin of 12.78% and a negative return on equity of 0.43%. The firm had revenue of $49.04 million during the quarter, compared to analyst estimates of $41.63 million. Sell-side analysts predict that Intrepid Potash, Inc. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. American International Group Inc. boosted its holdings in Intrepid Potash by 5.4% in the second 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in Intrepid Potash by 19.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 303 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Intrepid Potash by 0.9% during the fourth quarter. Panagora Asset Management Inc. now owns 37,727 shares of the basic materials company’s stock worth $1,089,000 after purchasing an additional 335 shares during the last quarter. Credit Suisse AG increased its position 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 worth $495,000 after buying an additional 354 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $832,000 after buying an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 49.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on IPI

About Intrepid Potash

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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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