FNY Investment Advisers LLC Takes $288,000 Position in Idaho Strategic Resources, Inc. $IDR

Key Points

• FNY Investment Advisers LLC took a new position in Idaho Strategic Resources, Inc. worth approximately $288,000, acquiring 22,072 shares in the second quarter.
• Other institutional investors have also increased their stakes, with Goldman Sachs raising its holdings by 21.7%, now owning 52,099 shares valued at $746,000.
• The stock has seen significant insider selling, with both the CEO and VP reducing their positions by 11.17% and 17.45% respectively over the last month.

FNY Investment Advisers LLC purchased a new stake in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,072 shares of the company's stock, valued at approximately $288,000. FNY Investment Advisers LLC owned about 0.16% of Idaho Strategic Resources at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Idaho Strategic Resources by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company's stock valued at $746,000 after buying an additional 9,298 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Idaho Strategic Resources by 49.2% during the second quarter. Salem Investment Counselors Inc. now owns 44,555 shares of the company's stock valued at $583,000 after buying an additional 14,700 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Idaho Strategic Resources during the first quarter valued at approximately $258,000. Evernest Financial Advisors LLC bought a new stake in shares of Idaho Strategic Resources during the second quarter valued at approximately $396,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Idaho Strategic Resources by 41.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 46,200 shares of the company's stock valued at $661,000 after buying an additional 13,600 shares during the last quarter. Institutional investors own 8.70% of the company's stock.

Idaho Strategic Resources Price Performance

Shares of NYSEAMERICAN:IDR opened at $35.55 on Thursday. 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 price-to-earnings ratio of 54.69 and a beta of 0.74. The stock's 50 day moving average price is $32.40 and its 200 day moving average price is $21.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.11 and a quick ratio of 4.78.

Analyst Ratings Changes

Separately, Roth Capital reissued a "buy" rating on shares of Idaho Strategic Resources in a report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $17.50.

Insiders Place Their Bets

In other Idaho Strategic Resources news, VP Robert John Morgan sold 7,143 shares of Idaho Strategic Resources stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $30.52, for a total value of $218,004.36. Following the transaction, the vice president owned 33,796 shares in the company, valued at approximately $1,031,453.92. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Swallow sold 87,470 shares of Idaho Strategic Resources stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the completion of the transaction, the chief executive officer owned 695,778 shares in the company, valued at approximately $21,089,031.18. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,113 shares of company stock worth $4,207,415. 8.69% of the stock is owned by insiders.

About Idaho Strategic Resources

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.

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