Intrepid Potash, Inc $IPI Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Intrepid Potash, Inc (NYSE:IPI) by 1,773.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 98,754 shares of the basic materials company’s stock after purchasing an additional 93,482 shares during the period. SG Americas Securities LLC’s holdings in Intrepid Potash were worth $4,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IPI. Azarias Capital Management L.P. lifted its position in shares of Intrepid Potash by 13.5% during the 4th quarter. Azarias Capital Management L.P. now owns 294,870 shares of the basic materials company’s stock worth $8,177,000 after buying an additional 35,082 shares during the last quarter. Gate City Capital Management LLC raised its stake in Intrepid Potash by 338.6% during the 4th quarter. Gate City Capital Management LLC now owns 914,026 shares of the basic materials company’s stock worth $25,346,000 after acquiring an additional 705,638 shares in the last quarter. Signaturefd LLC lifted its position in Intrepid Potash by 668.1% in the fourth quarter. Signaturefd LLC now owns 914 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 795 shares during the last quarter. Quantbot Technologies LP boosted its stake in Intrepid Potash by 66.7% in the third quarter. Quantbot Technologies LP now owns 19,572 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 7,829 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Intrepid Potash by 1.7% during the third quarter. Royce & Associates LP now owns 196,270 shares of the basic materials company’s stock worth $6,002,000 after purchasing an additional 3,250 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.

Insider Buying and Selling at Intrepid Potash

In other news, Director Lori A. Lancaster sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $45.24, for a total value of $217,152.00. Following the transaction, the director owned 10,540 shares of the company’s stock, valued at approximately $476,829.60. The trade was a 31.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Intrepid Potash Stock Performance

Shares of NYSE:IPI opened at $33.35 on Tuesday. Intrepid Potash, Inc has a one year low of $22.55 and a one year high of $50.34. The stock has a market capitalization of $447.88 million, a price-to-earnings ratio of 31.46 and a beta of 1.22. The company has a 50-day simple moving average of $37.64 and a 200-day simple moving average of $35.84.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. The firm had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $88.30 million. Intrepid Potash had a return on equity of 4.53% and a net margin of 4.68%. As a group, research analysts forecast that Intrepid Potash, Inc will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IPI has been the subject of a number of research analyst reports. Weiss Ratings raised Intrepid Potash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. UBS Group increased their price objective on Intrepid Potash from $25.00 to $26.00 and gave the company a “sell” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $26.00.

Intrepid Potash Profile

Intrepid Potash, Inc is a leading U.S.-based producer and marketer of potash and related specialty fertilizer products. The company’s primary business centers on potassium chloride, a key nutrient used in agricultural applications to enhance crop yield and quality. In addition to potash, Intrepid Potash produces magnesium chloride and sodium chloride, which serve a variety of markets including de-icing, dust control and industrial chemical production.

Intrepid Potash operates through a combination of solution mining, solar evaporation and conventional underground mining techniques.