Intrepid Potash, Inc (IPI) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in Intrepid Potash, Inc (NYSE:IPI) by 27.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,745,882 shares of the basic materials company’s stock after buying an additional 371,180 shares during the period. Dimensional Fund Advisors LP owned about 1.34% of Intrepid Potash worth $3,946,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Radnor Capital Management LLC increased its stake in Intrepid Potash by 87.1% during the second quarter. Radnor Capital Management LLC now owns 46,400 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 21,600 shares during the last quarter. Wells Fargo & Company MN increased its stake in Intrepid Potash by 12.3% during the second quarter. Wells Fargo & Company MN now owns 57,809 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 6,336 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Intrepid Potash during the second quarter valued at $132,000. Nationwide Fund Advisors increased its stake in Intrepid Potash by 324.6% during the second quarter. Nationwide Fund Advisors now owns 69,865 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 53,410 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Intrepid Potash by 30.6% during the first quarter. Parametric Portfolio Associates LLC now owns 126,394 shares of the basic materials company’s stock valued at $217,000 after purchasing an additional 29,646 shares during the last quarter. Institutional investors and hedge funds own 46.56% of the company’s stock.
Several brokerages have recently issued reports on IPI. Zacks Investment Research raised shares of Intrepid Potash from a “sell” rating to a “buy” rating and set a $3.75 price target for the company in a report on Wednesday, August 9th. UBS AG downgraded shares of Intrepid Potash from a “neutral” rating to a “sell” rating and boosted their price target for the company from $2.00 to $2.50 in a report on Monday, August 7th. BMO Capital Markets boosted their price target on shares of Intrepid Potash from $2.00 to $3.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of Intrepid Potash from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd.
In related news, EVP James N. Whyte sold 86,796 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $3.84, for a total value of $333,296.64. Following the completion of the sale, the executive vice president now owns 360,903 shares of the company’s stock, valued at $1,385,867.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.30% of the company’s stock.
Intrepid Potash, Inc (NYSE:IPI) opened at $3.76 on Friday. Intrepid Potash, Inc has a 1-year low of $1.22 and a 1-year high of $4.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 4.71.
Intrepid Potash (NYSE:IPI) last announced its quarterly earnings results on Monday, October 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Intrepid Potash had a negative net margin of 22.88% and a negative return on equity of 8.09%. The company had revenue of $32.06 million during the quarter, compared to the consensus estimate of $33.15 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was down 26.5% compared to the same quarter last year. equities analysts forecast that Intrepid Potash, Inc will post -0.18 earnings per share for the current fiscal year.
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Intrepid Potash Profile
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.
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