Dynamic Technology Lab Private Ltd Makes New $351,000 Investment in Intrepid Potash, Inc $IPI

Dynamic Technology Lab Private Ltd acquired a new stake in Intrepid Potash, Inc (NYSE:IPI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 9,820 shares of the basic materials company’s stock, valued at approximately $351,000.

A number of other large investors have also made changes to their positions in IPI. Intech Investment Management LLC acquired a new position in Intrepid Potash in the 2nd quarter valued at about $300,000. SG Americas Securities LLC grew its holdings in shares of Intrepid Potash by 32.7% during the second quarter. SG Americas Securities LLC now owns 7,377 shares of the basic materials company’s stock worth $264,000 after buying an additional 1,817 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Intrepid Potash by 0.6% in the second quarter. Geode Capital Management LLC now owns 241,039 shares of the basic materials company’s stock valued at $8,614,000 after buying an additional 1,520 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Intrepid Potash by 37.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 18,068 shares of the basic materials company’s stock valued at $646,000 after buying an additional 4,893 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Intrepid Potash during the second quarter valued at approximately $541,000. Institutional investors and hedge funds own 56.13% of the company’s stock.

Intrepid Potash Stock Up 1.3%

IPI stock opened at $25.01 on Wednesday. The company has a market cap of $335.84 million, a price-to-earnings ratio of -1.61 and a beta of 1.85. The business has a fifty day simple moving average of $27.53 and a 200-day simple moving average of $31.55. Intrepid Potash, Inc has a 52 week low of $20.86 and a 52 week high of $39.01.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $53.22 million for the quarter, compared to analysts’ expectations of $49.54 million. Intrepid Potash had a negative net margin of 71.13% and a positive return on equity of 1.48%. As a group, analysts expect that Intrepid Potash, Inc will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IPI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intrepid Potash in a research note on Wednesday, October 8th. UBS Group lowered their price objective on Intrepid Potash from $24.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, August 7th. Wall Street Zen downgraded Intrepid Potash from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered Intrepid Potash from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $23.00.

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.