26,497 Shares in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 26,497 shares of the company's stock, valued at approximately $270,000. Squarepoint Ops LLC owned approximately 0.19% of Idaho Strategic Resources as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IDR. WR Wealth Planners LLC grew its stake in Idaho Strategic Resources by 114.9% during the fourth quarter. WR Wealth Planners LLC now owns 8,430 shares of the company's stock worth $86,000 after buying an additional 4,507 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Idaho Strategic Resources during the 4th quarter worth approximately $131,000. NewEdge Advisors LLC boosted its position in shares of Idaho Strategic Resources by 1,435.6% during the 4th quarter. NewEdge Advisors LLC now owns 14,634 shares of the company's stock worth $149,000 after acquiring an additional 13,681 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Idaho Strategic Resources in the fourth quarter valued at approximately $150,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Idaho Strategic Resources in the fourth quarter valued at approximately $157,000. 8.70% of the stock is currently owned by institutional investors and hedge funds.

Idaho Strategic Resources Price Performance

Shares of IDR traded down €0.38 ($0.44) during mid-day trading on Tuesday, reaching €13.26 ($15.24). The company had a trading volume of 250,900 shares, compared to its average volume of 246,868. The company's 50 day simple moving average is €15.00 and its 200 day simple moving average is €13.50. Idaho Strategic Resources, Inc. has a 1-year low of €8.90 ($10.23) and a 1-year high of €19.75 ($22.70). The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. The company has a market capitalization of $181.13 million, a price-to-earnings ratio of 26.00 and a beta of 0.80.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IDR shares. Roth Mkm upped their target price on Idaho Strategic Resources from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Roth Capital set a $17.50 price target on Idaho Strategic Resources in a report on Thursday, April 3rd.

Insiders Place Their Bets

In related news, Director Kevin G. Shiell sold 3,500 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of €13.37 ($15.37), for a total transaction of €46,795.00 ($53,787.36). Following the sale, the director now owns 47,867 shares of the company's stock, valued at €639,981.79 ($735,611.25). This trade represents a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 7,786 shares of company stock valued at $100,814. 12.66% of the stock is currently 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.