FNY Investment Advisers LLC Makes New Investment in Idaho Strategic Resources, Inc. $IDR

FNY Investment Advisers LLC acquired a new position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 22,072 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Idaho Strategic Resources by 21.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after purchasing an additional 9,298 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Idaho Strategic Resources by 41.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 46,200 shares of the company’s stock worth $661,000 after purchasing an additional 13,600 shares in the last quarter. Salem Investment Counselors Inc. grew its position in Idaho Strategic Resources by 49.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 44,555 shares of the company’s stock worth $583,000 after purchasing an additional 14,700 shares in the last quarter. NewEdge Advisors LLC grew its position in Idaho Strategic Resources by 108.8% during the 1st quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock worth $437,000 after purchasing an additional 15,917 shares in the last quarter. Finally, Evernest Financial Advisors LLC purchased a new position in Idaho Strategic Resources during the 2nd quarter worth approximately $396,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Capital restated a “buy” rating on shares of Idaho Strategic Resources in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $17.50.

Insider Activity

In other news, Director Kevin G. Shiell sold 6,500 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $25.03, for a total transaction of $162,695.00. Following the transaction, the director directly owned 49,016 shares in the company, valued at $1,226,870.48. The trade was a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert John Morgan sold 7,143 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $30.52, for a total transaction of $218,004.36. Following the transaction, the vice president owned 33,796 shares in the company, valued at approximately $1,031,453.92. This represents a 17.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,113 shares of company stock worth $4,207,415 in the last ninety days. Corporate insiders own 8.69% of the company’s stock.

Idaho Strategic Resources Trading Down 4.9%

Idaho Strategic Resources stock opened at $35.55 on Thursday. The company’s fifty day simple moving average is $32.40 and its 200-day simple moving average is $21.62. The company has a quick ratio of 4.78, a current ratio of 5.11 and a debt-to-equity ratio of 0.04. Idaho Strategic Resources, Inc. has a 12 month low of $9.67 and a 12 month high of $54.70. The stock has a market cap of $554.22 million, a P/E ratio of 54.69 and a beta of 0.74.

Idaho Strategic Resources Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.