Foundry Partners LLC Decreases Stock Holdings in Intrepid Potash, Inc. (NYSE:IPI)

Foundry Partners LLC reduced its position in Intrepid Potash, Inc. (NYSE:IPI) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,966 shares of the basic materials company’s stock after selling 2,425 shares during the quarter. Foundry Partners LLC owned approximately 1.09% of Intrepid Potash worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Intrepid Potash in the third quarter worth $120,000. Principal Financial Group Inc. bought a new position in shares of Intrepid Potash in the third quarter worth $255,000. WealthTrust Axiom LLC boosted its holdings in shares of Intrepid Potash by 5.0% in the third quarter. WealthTrust Axiom LLC now owns 10,500 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 500 shares during the period. Barclays PLC boosted its holdings in shares of Intrepid Potash by 33.5% in the third quarter. Barclays PLC now owns 14,646 shares of the basic materials company’s stock worth $369,000 after acquiring an additional 3,677 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of 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 acquiring an additional 1,300 shares during the period. 56.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intrepid Potash

In related news, CEO Robert P. Jornayvaz III sold 63,372 shares of Intrepid Potash stock in a transaction on Friday, March 8th. The stock was sold at an average price of $20.43, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 11,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.22, for a total transaction of $222,420.00. Following the sale, the chief executive officer now owns 1,531,551 shares in the company, valued at $30,967,961.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert P. Jornayvaz III sold 63,372 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $20.43, for a total value of $1,294,689.96. Following the sale, 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. Over the last quarter, insiders sold 96,034 shares of company stock valued at $1,939,525. Company insiders own 18.00% of the company’s stock.

Intrepid Potash Stock Up 0.6 %

Intrepid Potash stock opened at $19.78 on Tuesday. Intrepid Potash, Inc. has a one year low of $17.23 and a one year high of $28.30. The business 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 posted its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.20). The business had revenue of $49.04 million for 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%. On average, research analysts predict that Intrepid Potash, Inc. will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Intrepid Potash to a “sell” rating in a report on Wednesday, January 24th.

About Intrepid Potash

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.