B. Riley Wealth Advisors Inc. Takes Position in Intrepid Potash, Inc. (NYSE:IPI)

B. Riley Wealth Advisors Inc. purchased a new position in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,950 shares of the basic materials company's stock, valued at approximately $1,007,000. B. Riley Wealth Advisors Inc. owned about 0.35% of Intrepid Potash as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Two Sigma Investments LP increased its position in shares of Intrepid Potash by 16.7% during the 4th quarter. Two Sigma Investments LP now owns 75,974 shares of the basic materials company's stock worth $1,665,000 after purchasing an additional 10,894 shares during the last quarter. State of Wyoming acquired a new position in shares of Intrepid Potash during the 4th quarter worth approximately $46,000. Lazard Asset Management LLC acquired a new position in shares of Intrepid Potash during the 4th quarter worth approximately $153,000. Glenorchy Capital Ltd increased its holdings in shares of Intrepid Potash by 1.1% during the 4th quarter. Glenorchy Capital Ltd now owns 62,928 shares of the basic materials company's stock worth $1,379,000 after acquiring an additional 714 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Intrepid Potash by 25.5% during the 4th quarter. Deutsche Bank AG now owns 24,964 shares of the basic materials company's stock worth $547,000 after acquiring an additional 5,077 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company's stock.

Intrepid Potash Stock Up 1.6%

Shares of IPI stock traded up $0.60 during trading on Friday, reaching $37.74. 141,247 shares of the company's stock were exchanged, compared to its average volume of 121,842. The stock has a market capitalization of $502.58 million, a PE ratio of -11.27 and a beta of 1.80. Intrepid Potash, Inc. has a twelve month low of $20.75 and a twelve month high of $39.01. The firm's fifty day moving average price is $32.24 and its 200-day moving average price is $27.97.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on IPI shares. UBS Group decreased their target price on Intrepid Potash from $20.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen raised Intrepid Potash from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th.

Insider Activity

In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 22,987 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $37.06, for a total value of $851,898.22. Following the completion of the transaction, the insider now directly owns 1,021,175 shares in the company, valued at approximately $37,844,745.50. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 180,765 shares of company stock worth $5,858,599. 2.40% of the stock is currently owned by company insiders.

Intrepid Potash Company 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.