Robert P. Jornayvaz III Buys 7,500 Shares of Intrepid Potash, Inc (NYSE:IPI) Stock

Intrepid Potash, Inc (NYSE:IPI) CEO Robert P. Jornayvaz III purchased 7,500 shares of Intrepid Potash stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average cost of $3.21 per share, with a total value of $24,075.00. Following the transaction, the chief executive officer now directly owns 1,206,650 shares of the company’s stock, valued at $3,873,346.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert P. Jornayvaz III also recently made the following trade(s):

  • On Monday, May 22nd, Robert P. Jornayvaz III purchased 50,000 shares of Intrepid Potash stock. The shares were purchased at an average cost of $2.30 per share, with a total value of $115,000.00.

Intrepid Potash, Inc (NYSE IPI) traded up 1.78% during midday trading on Wednesday, reaching $3.43. 3,163,829 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $2.65 and its 200-day moving average is $2.15. Intrepid Potash, Inc has a 12-month low of $0.93 and a 12-month high of $3.93. The stock’s market capitalization is $434.02 million.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $43.90 million during the quarter, compared to analysts’ expectations of $37.75 million. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The business’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.17) earnings per share. On average, equities analysts forecast that Intrepid Potash, Inc will post ($0.26) earnings per share for the current year.

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A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Intrepid Potash from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub raised shares of Intrepid Potash from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets lifted their target price on shares of Intrepid Potash from $2.00 to $3.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Finally, UBS AG downgraded shares of Intrepid Potash from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $2.00 to $2.50 in a research report on Monday.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Intrepid Potash by 40.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,918 shares of the basic materials company’s stock worth $1,949,000 after buying an additional 267,978 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Intrepid Potash by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 568,163 shares of the basic materials company’s stock worth $977,000 after buying an additional 7,793 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Intrepid Potash by 50.1% in the first quarter. Ameriprise Financial Inc. now owns 847,566 shares of the basic materials company’s stock worth $1,458,000 after buying an additional 282,913 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Intrepid Potash by 30.6% in the first quarter. Parametric Portfolio Associates LLC now owns 126,394 shares of the basic materials company’s stock worth $217,000 after buying an additional 29,646 shares in the last quarter. Finally, Bienville Capital Management LLC boosted its position in Intrepid Potash by 4,116.7% in the first quarter. Bienville Capital Management LLC now owns 2,560,728 shares of the basic materials company’s stock worth $4,404,000 after buying an additional 2,500,000 shares in the last quarter. 42.41% of the stock is owned by institutional investors and hedge funds.

About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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