Intrepid Potash, Inc. (NYSE:IPI) Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of Intrepid Potash, Inc. (NYSE:IPI) by 37.6% in the 4th quarter, Holdings Channel reports. The fund owned 113,961 shares of the basic materials company’s stock after selling 68,667 shares during the period. Federated Hermes Inc.’s holdings in Intrepid Potash were worth $2,723,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Intrepid Potash during the third quarter worth about $120,000. Principal Financial Group Inc. bought a new position in shares of Intrepid Potash during the third quarter worth about $255,000. WealthTrust Axiom LLC grew its position in shares of Intrepid Potash by 5.0% during the third quarter. WealthTrust Axiom LLC now owns 10,500 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 500 shares during the last quarter. Barclays PLC grew its position in shares of Intrepid Potash by 33.5% during the third quarter. Barclays PLC now owns 14,646 shares of the basic materials company’s stock worth $369,000 after acquiring an additional 3,677 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Intrepid Potash by 5.6% during the third quarter. Swiss National Bank now owns 24,600 shares of the basic materials company’s stock worth $619,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors own 56.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert P. Jornayvaz III sold 63,372 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $20.43, for a total value of $1,294,689.96. Following the completion of the sale, the chief executive officer now owns 1,542,551 shares of the company’s stock, valued at $31,514,316.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 63,372 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $20.43, for a total value of $1,294,689.96. Following the completion of the sale, the chief executive officer now directly owns 1,542,551 shares of the company’s stock, valued at approximately $31,514,316.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert P. Jornayvaz III sold 5,384 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $19.35, for a total transaction of $104,180.40. Following the completion of the sale, the chief executive officer now directly owns 1,518,920 shares of the company’s stock, valued at $29,391,102. The disclosure for this sale can be found here. Insiders sold 96,034 shares of company stock valued at $1,939,525 over the last 90 days. 18.00% of the stock is currently owned by company insiders.

Intrepid Potash Stock Down 0.4 %

IPI stock opened at $19.53 on Friday. The company has a market capitalization of $258.97 million, a P/E ratio of -7.00 and a beta of 2.18. The company has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $20.46. Intrepid Potash, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $28.30.

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

Analysts Set New Price Targets

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

Intrepid Potash Profile

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.