Foundry Partners LLC Sells 2,425 Shares of Intrepid Potash, Inc. (NYSE:IPI)

Foundry Partners LLC lessened its stake in shares of Intrepid Potash, Inc. (NYSE:IPI) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,966 shares of the basic materials company’s stock after selling 2,425 shares during the period. Foundry Partners LLC’s holdings in Intrepid Potash were worth $3,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Azarias Capital Management L.P. boosted its holdings in shares of Intrepid Potash by 39.5% during the 4th quarter. Azarias Capital Management L.P. now owns 604,042 shares of the basic materials company’s stock valued at $14,431,000 after purchasing an additional 171,167 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of 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. Essex Investment Management Co. LLC bought a new position in shares of Intrepid Potash during the 3rd quarter valued at about $1,706,000. Swiss National Bank boosted its holdings in shares of Intrepid Potash by 5.6% during the 3rd quarter. Swiss National Bank now owns 24,600 shares of the basic materials company’s stock valued at $619,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Intrepid Potash by 33.5% during the 3rd quarter. Barclays PLC now owns 14,646 shares of the basic materials company’s stock valued at $369,000 after purchasing an additional 3,677 shares during the last quarter. Institutional investors own 56.13% of the company’s stock.

Intrepid Potash Stock Up 0.6 %

Shares of NYSE:IPI opened at $19.78 on Tuesday. Intrepid Potash, Inc. has a 12 month low of $17.23 and a 12 month high of $28.30. The company has a 50-day moving average price of $20.24 and a 200 day moving average price of $20.51.

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

Insider Activity at Intrepid Potash

In related news, CEO Robert P. Jornayvaz III sold 63,372 shares of the 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 completion of the transaction, the chief executive officer now owns 1,542,551 shares of the company’s stock, valued at approximately $31,514,316.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert P. Jornayvaz III sold 16,278 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $19.55, for a total value of $318,234.90. Following the sale, the chief executive officer now directly owns 1,490,436 shares of the company’s stock, valued at approximately $29,138,023.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert P. Jornayvaz III sold 63,372 shares of the stock in a transaction dated 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 directly owns 1,542,551 shares in the company, valued at $31,514,316.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,034 shares of company stock valued at $1,939,525. Insiders own 18.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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.