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

Dimensional Fund Advisors LP trimmed its position in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Intrepid Potash in the 4th quarter valued at approximately $38,000. SG Americas Securities LLC grew its stake 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 valued at $148,000 after purchasing an additional 830 shares during the period. Jump Financial LLC bought a new stake in shares of Intrepid Potash in the 4th quarter valued at approximately $227,000. EntryPoint Capital LLC bought a new stake in Intrepid Potash during the 4th quarter worth approximately $235,000. Finally, Wells Fargo & Company MN grew its position in Intrepid Potash by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 13,652 shares of the basic materials company's stock worth $299,000 after acquiring an additional 1,486 shares during the last quarter. 56.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Robert P. Jornayvaz III sold 14,736 shares of Intrepid Potash stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.67, for a total transaction of $378,273.12. Following the completion of the transaction, the insider now owns 1,212,823 shares in the company, valued at approximately $31,133,166.41. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 229,872 shares of company stock worth $6,866,175 in the last quarter. Corporate insiders own 18.00% of the company's stock.

Intrepid Potash Stock Down 6.6%

Intrepid Potash stock traded down $2.52 during mid-day trading on Monday, hitting $35.58. 337,558 shares of the company's stock were exchanged, compared to its average volume of 117,829. The firm has a market capitalization of $473.85 million, a P/E ratio of -10.62 and a beta of 1.80. Intrepid Potash, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $38.87. The company's 50 day simple moving average is $29.63 and its 200-day simple moving average is $26.98.

Intrepid Potash (NYSE:IPI - Get Free Report) last released its earnings results on Monday, May 5th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.51. The firm had revenue of $97.76 million during the quarter, compared to analysts' expectations of $72.34 million. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. Research analysts expect that Intrepid Potash, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on IPI. UBS Group decreased their price target on Intrepid Potash from $20.00 to $19.00 and set a "sell" rating on the stock in a research report on Wednesday, April 16th. StockNews.com raised Intrepid Potash from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th.

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.