GSA Capital Partners LLP Reduces Position in Idaho Strategic Resources, Inc. $IDR

GSA Capital Partners LLP cut its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 72.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,010 shares of the company’s stock after selling 47,870 shares during the period. GSA Capital Partners LLP owned 0.12% of Idaho Strategic Resources worth $609,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of Idaho Strategic Resources by 108.8% during the 1st quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock valued at $437,000 after purchasing an additional 15,917 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after acquiring an additional 9,298 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company’s stock valued at $52,000 after acquiring an additional 3,907 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Idaho Strategic Resources by 127.1% during the 2nd quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock valued at $3,736,000 after acquiring an additional 159,850 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Idaho Strategic Resources during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Price Performance

IDR opened at $38.41 on Monday. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $598.81 million, a P/E ratio of 54.87 and a beta of 0.94. The stock has a 50-day moving average price of $42.44 and a 200-day moving average price of $36.35. Idaho Strategic Resources, Inc. has a 12-month low of $10.45 and a 12-month high of $54.70.

Insider Buying and Selling

In other Idaho Strategic Resources news, CEO John Swallow sold 30,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $43.44, for a total transaction of $1,303,200.00. Following the transaction, the chief executive officer directly owned 665,778 shares of the company’s stock, valued at approximately $28,921,396.32. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $17.50.

Idaho Strategic Resources Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.