Intrepid Potash, Inc. (NYSE:IPI) Shares Bought by Azarias Capital Management L.P.

Azarias Capital Management L.P. grew its holdings in shares of Intrepid Potash, Inc. (NYSE:IPI) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 657,464 shares of the basic materials company’s stock after purchasing an additional 45,446 shares during the period. Intrepid Potash makes up approximately 6.5% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 4th largest holding. Azarias Capital Management L.P. owned 5.00% of Intrepid Potash worth $14,412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peapod Lane Capital LLC bought a new position in Intrepid Potash during the 4th quarter valued at $1,269,000. Empowered Funds LLC boosted its holdings in Intrepid Potash by 5.0% during the fourth quarter. Empowered Funds LLC now owns 56,486 shares of the basic materials company’s stock worth $1,238,000 after buying an additional 2,713 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Intrepid Potash by 0.6% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 209,362 shares of the basic materials company’s stock valued at $4,803,000 after buying an additional 1,272 shares in the last quarter. R Squared Ltd bought a new stake in shares of Intrepid Potash during the 4th quarter worth $38,000. Finally, SG Americas Securities LLC grew its holdings in shares of Intrepid Potash by 14.0% in the 4th quarter. SG Americas Securities LLC now owns 6,743 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 830 shares during the last quarter. 56.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on IPI. UBS Group upped their target price on Intrepid Potash from $19.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, January 28th. StockNews.com raised shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

Insider Transactions at Intrepid Potash

In related news, major shareholder Robert P. Jornayvaz III sold 159,513 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $25.12, for a total transaction of $4,006,966.56. Following the completion of the sale, the insider now directly owns 1,285,000 shares in the company, valued at approximately $32,279,200. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 428,748 shares of company stock valued at $10,870,406 over the last quarter. Company insiders own 18.00% of the company’s stock.

Intrepid Potash Stock Performance

NYSE IPI opened at $25.07 on Thursday. The firm’s 50 day moving average price is $24.73 and its two-hundred day moving average price is $24.70. Intrepid Potash, Inc. has a twelve month low of $18.32 and a twelve month high of $29.75. The stock has a market cap of $331.68 million, a price-to-earnings ratio of -7.48 and a beta of 2.23.

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.