Glenorchy Capital Ltd Acquires New Position in Intrepid Potash, Inc. (NYSE:IPI)

Glenorchy Capital Ltd bought a new position in shares of Intrepid Potash, Inc. (NYSE:IPI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,934 shares of the basic materials company’s stock, valued at approximately $381,000. Glenorchy Capital Ltd owned approximately 0.12% of Intrepid Potash at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Azarias Capital Management L.P. grew its position in Intrepid Potash by 39.5% in the fourth quarter. Azarias Capital Management L.P. now owns 604,042 shares of the basic materials company’s stock worth $14,431,000 after acquiring an additional 171,167 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Intrepid Potash by 13.0% in the third quarter. Foundry Partners LLC now owns 143,391 shares of the basic materials company’s stock valued at $3,608,000 after acquiring an additional 16,540 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Intrepid Potash in the 3rd quarter worth about $1,706,000. First Eagle Investment Management LLC grew its holdings in Intrepid Potash by 35.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 341,163 shares of the basic materials company’s stock valued at $8,584,000 after purchasing an additional 89,125 shares during the last quarter. Finally, Swiss National Bank increased its stake in Intrepid Potash by 5.6% in the third quarter. Swiss National Bank now owns 24,600 shares of the basic materials company’s stock worth $619,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 56.13% of the company’s stock.

Insider Buying and Selling at Intrepid Potash

In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 63,372 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $20.43, for a total value of $1,294,689.96. Following the completion of the sale, the chief executive officer now owns 1,542,551 shares of the company’s stock, valued at $31,514,316.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Robert P. Jornayvaz III sold 11,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.22, for a total transaction of $222,420.00. Following the sale, the chief executive officer now directly owns 1,531,551 shares of the company’s stock, valued at approximately $30,967,961.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert P. Jornayvaz III sold 63,372 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $20.43, for a total value of $1,294,689.96. Following the transaction, the chief executive officer now owns 1,542,551 shares in the company, valued at approximately $31,514,316.93. The disclosure for this sale can be found here. Insiders have sold 96,034 shares of company stock worth $1,939,525 over the last quarter. Insiders own 18.00% of the company’s stock.

Intrepid Potash Stock Performance

NYSE IPI traded down $0.07 on Tuesday, reaching $19.71. 74,137 shares of the stock traded hands, compared to its average volume of 115,209. Intrepid Potash, Inc. has a 12 month low of $17.23 and a 12 month high of $28.30. The company has a market cap of $261.35 million, a price-to-earnings ratio of -7.06 and a beta of 2.18. The company has a fifty day moving average price of $20.24 and a 200-day moving average price of $20.51.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.20). The firm had revenue of $49.04 million during the quarter, compared to the consensus estimate of $41.63 million. Intrepid Potash had a negative net margin of 12.78% and a negative return on equity of 0.43%. As a group, research analysts anticipate that Intrepid Potash, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Intrepid Potash to a “sell” rating in a research note on Wednesday, January 24th.

Intrepid Potash Profile

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.