Quantinno Capital Management LP Acquires 33,868 Shares of Idaho Strategic Resources, Inc. $IDR

Key Points

• Quantinno Capital Management increased its Idaho Strategic Resources stake by 542.5%, acquiring 33,868 shares and bringing its holdings to 40,111 shares valued at approximately $1.29 million.
• Other institutional investors also expanded or initiated positions, including State Street, Geode Capital, Invesco and Bridgewater; institutional investors collectively own 8.70% of the company.
• Idaho Strategic Resources reported quarterly EPS of $0.23, slightly below the $0.24 consensus, while revenue of $10.73 million missed the $12.50 million estimate. Analyst sentiment remains a “Moderate Buy,” despite Zacks Research downgrading the stock to “Hold.”

Quantinno Capital Management LP increased its holdings in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 542.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,111 shares of the company's stock after acquiring an additional 33,868 shares during the quarter. Quantinno Capital Management LP owned about 0.25% of Idaho Strategic Resources worth $1,288,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in shares of Idaho Strategic Resources by 243.1% in the fourth quarter. State Street Corp now owns 890,401 shares of the company's stock valued at $35,883,000 after buying an additional 630,891 shares in the last quarter. Pertento Partners LLP acquired a new stake in Idaho Strategic Resources during the fourth quarter worth approximately $8,575,000. Geode Capital Management LLC increased its stake in Idaho Strategic Resources by 127.1% during the 2nd quarter. Geode Capital Management LLC now owns 285,573 shares of the company's stock worth $3,736,000 after acquiring an additional 159,850 shares during the period. Invesco Ltd. bought a new position in Idaho Strategic Resources during the 3rd quarter worth $5,351,000. Finally, Bridgewater Associates LP acquired a new position in Idaho Strategic Resources in the 4th quarter valued at $4,816,000. Institutional investors and hedge funds own 8.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Idaho Strategic Resources from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Idaho Strategic Resources presently has an average rating of "Moderate Buy".

Idaho Strategic Resources Trading Up 0.8%

Shares of IDR stock opened at $31.89 on Friday. The stock's fifty day moving average price is $32.03 and its two-hundred day moving average price is $36.15. The company has a market cap of $504.18 million, a PE ratio of 21.99 and a beta of 1.23. Idaho Strategic Resources, Inc. has a fifty-two week low of $22.31 and a fifty-two week high of $54.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.48 and a current ratio of 12.77.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Idaho Strategic Resources had a return on equity of 21.86% and a net margin of 44.00%.The business had revenue of $10.73 million for the quarter, compared to the consensus estimate of $12.50 million. Equities analysts predict that Idaho Strategic Resources, Inc. will post 1.38 EPS for the current fiscal year.

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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