Dimensional Fund Advisors LP Has $15.77 Million Stock Position in Intrepid Potash, Inc. (NYSE:IPI)

Dimensional Fund Advisors LP decreased its position in Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 719,446 shares of the basic materials company's stock after selling 10,356 shares during the period. Dimensional Fund Advisors LP owned approximately 5.44% of Intrepid Potash worth $15,770,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IPI. Jump Financial LLC bought a new stake in shares of Intrepid Potash during the 4th quarter worth approximately $227,000. Barclays PLC lifted its stake in Intrepid Potash by 16.2% in the fourth quarter. Barclays PLC now owns 16,672 shares of the basic materials company's stock valued at $366,000 after acquiring an additional 2,322 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Intrepid Potash in the 4th quarter valued at about $1,028,000. Renaissance Technologies LLC raised its holdings in shares of Intrepid Potash by 110.1% in the 4th quarter. Renaissance Technologies LLC now owns 111,871 shares of the basic materials company's stock valued at $2,452,000 after purchasing an additional 58,630 shares during the period. Finally, Invesco Ltd. lifted its stake in Intrepid Potash by 8.0% in the 4th quarter. Invesco Ltd. now owns 57,797 shares of the basic materials company's stock valued at $1,267,000 after purchasing an additional 4,273 shares during the last quarter. 56.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on IPI shares. UBS Group lowered their price target on shares of Intrepid Potash from $20.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, April 16th. StockNews.com upgraded Intrepid Potash from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th.

Intrepid Potash Stock Performance

Shares of Intrepid Potash stock traded up $0.25 on Wednesday, reaching $36.56. 47,421 shares of the stock were exchanged, compared to its average volume of 181,063. The firm's 50 day moving average is $30.02 and its 200-day moving average is $27.12. The firm has a market cap of $486.87 million, a PE ratio of -10.92 and a beta of 1.80. Intrepid Potash, Inc. has a one year low of $20.75 and a one year high of $38.87.

Intrepid Potash (NYSE:IPI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.51. The company had revenue of $97.76 million for the quarter, compared to analyst estimates of $72.34 million. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. On average, equities research analysts expect that Intrepid Potash, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at Intrepid Potash

In related news, major shareholder Robert P. Jornayvaz III sold 14,736 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.67, for a total transaction of $378,273.12. Following the sale, the insider now owns 1,212,823 shares in the company, valued at $31,133,166.41. The trade was a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 229,872 shares of company stock valued at $6,866,175. 18.00% of the stock is owned by insiders.

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.