3,952 Shares in Intrepid Potash, Inc. (NYSE:IPI) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in shares of Intrepid Potash, Inc. (NYSE:IPI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,952 shares of the basic materials company’s stock, valued at approximately $87,000.

Several other large investors also recently made changes to their positions in IPI. R Squared Ltd purchased a new position in shares of Intrepid Potash in the fourth quarter valued at $38,000. Aquatic Capital Management LLC boosted its stake in shares of Intrepid Potash by 274.3% in the fourth quarter. Aquatic Capital Management LLC now owns 5,614 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 4,114 shares during the period. SG Americas Securities LLC boosted its stake in shares of Intrepid Potash by 14.0% in the fourth quarter. SG Americas Securities LLC now owns 6,743 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 830 shares during the period. Jump Financial LLC purchased a new position in shares of Intrepid Potash in the fourth quarter valued at $227,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Intrepid Potash in the fourth quarter valued at $235,000. Institutional investors and hedge funds own 56.13% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Robert P. Jornayvaz III sold 26,088 shares of Intrepid Potash stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $28.68, for a total value of $748,203.84. Following the transaction, the insider now owns 1,138,706 shares of the company’s stock, valued at $32,658,088.08. The trade was a 2.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 180,765 shares of company stock worth $5,858,599. 2.40% of the stock is owned by corporate insiders.

Intrepid Potash Stock Performance

Intrepid Potash stock opened at $37.74 on Monday. Intrepid Potash, Inc. has a 1 year low of $20.75 and a 1 year high of $39.01. The firm’s 50-day moving average is $32.39 and its 200-day moving average is $28.05. The company has a market cap of $502.58 million, a P/E ratio of -11.27 and a beta of 1.80.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Monday, May 5th. The basic materials company reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.51. The business had revenue of $97.76 million during the quarter, compared to analyst estimates of $72.34 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. As a group, sell-side analysts predict that Intrepid Potash, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

IPI has been the subject of several recent analyst reports. Wall Street Zen raised shares of Intrepid Potash from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. UBS Group decreased their price objective on shares of Intrepid Potash from $20.00 to $19.00 and set a “sell” rating for the company in a report on Wednesday, April 16th.

About Intrepid Potash

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.