Stifel Financial Corp Buys 196,558 Shares of IperionX Limited (NASDAQ:IPX)

Stifel Financial Corp increased its holdings in shares of IperionX Limited (NASDAQ:IPX - Free Report) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 900,237 shares of the company's stock after buying an additional 196,558 shares during the quarter. Stifel Financial Corp owned 2.85% of IperionX worth $30,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in IperionX during the 4th quarter worth about $241,000. Tidal Investments LLC bought a new position in shares of IperionX in the third quarter valued at about $368,000. Marshall Wace LLP bought a new position in IperionX in the 4th quarter valued at about $465,000. Jane Street Group LLC lifted its position in IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after acquiring an additional 15,202 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of IperionX during the fourth quarter worth approximately $1,597,000. 2.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley lowered their target price on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd.

IperionX Price Performance

Shares of IPX stock traded up $2.49 on Tuesday, hitting $23.07. The company's stock had a trading volume of 32,816 shares, compared to its average volume of 46,993. IperionX Limited has a fifty-two week low of $12.28 and a fifty-two week high of $38.93. The stock's 50 day moving average is $19.83 and its 200-day moving average is $24.57. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.

About IperionX

IperionX's mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.