Royce & Associates LP lifted its position in Intrepid Potash, Inc. (NYSE:IPI) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,336,106 shares of the basic materials company’s stock after buying an additional 342,151 shares during the quarter. Royce & Associates LP’s holdings in Intrepid Potash were worth $6,074,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Intrepid Potash during the 4th quarter valued at $34,000. PEAK6 Investments LLC acquired a new stake in shares of Intrepid Potash during the third quarter worth $107,000. WINTON GROUP Ltd acquired a new stake in shares of Intrepid Potash during the fourth quarter worth $80,000. Virtu Financial LLC lifted its holdings in shares of Intrepid Potash by 122.5% during the fourth quarter. Virtu Financial LLC now owns 32,399 shares of the basic materials company’s stock worth $84,000 after buying an additional 17,836 shares in the last quarter. Finally, ETF Managers Group LLC lifted its holdings in shares of Intrepid Potash by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 35,827 shares of the basic materials company’s stock worth $93,000 after buying an additional 4,884 shares in the last quarter. 44.98% of the stock is owned by institutional investors and hedge funds.
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In other news, major shareholder Clearway Capital Management Lt bought 200,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was bought at an average price of $3.22 per share, with a total value of $644,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 453,470 shares of company stock valued at $1,441,035 in the last three months. Insiders own 27.70% of the company’s stock.
IPI opened at $3.63 on Friday. Intrepid Potash, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $5.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.23 and a quick ratio of 1.47. The firm has a market cap of $473.31 million, a PE ratio of -20.17 and a beta of 1.07.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Intrepid Potash from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 25th. TheStreet raised Intrepid Potash from a “d+” rating to a “c-” rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.83.
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Intrepid Potash Profile
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.
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