Rhumbline Advisers Has $422,000 Stock Position in Intrepid Potash, Inc. (NYSE:IPI)

Rhumbline Advisers grew its stake in shares of Intrepid Potash, Inc. (NYSE:IPI) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,997 shares of the basic materials company’s stock after purchasing an additional 861 shares during the quarter. Rhumbline Advisers owned about 0.14% of Intrepid Potash worth $422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of Intrepid Potash by 517.6% during the 1st quarter. Acadian Asset Management LLC now owns 58,126 shares of the basic materials company’s stock worth $1,211,000 after purchasing an additional 48,715 shares during the last quarter. Azarias Capital Management L.P. increased its position in shares of Intrepid Potash by 12.2% during the 1st quarter. Azarias Capital Management L.P. now owns 677,704 shares of the basic materials company’s stock worth $14,137,000 after purchasing an additional 73,662 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Intrepid Potash by 19.4% during the 1st quarter. First Eagle Investment Management LLC now owns 481,670 shares of the basic materials company’s stock worth $10,048,000 after purchasing an additional 78,200 shares during the last quarter. CastleKnight Management LP increased its position in shares of Intrepid Potash by 336.2% during the 4th quarter. CastleKnight Management LP now owns 98,600 shares of the basic materials company’s stock worth $2,356,000 after purchasing an additional 75,998 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Intrepid Potash by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 553,185 shares of the basic materials company’s stock worth $11,539,000 after purchasing an additional 14,133 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.

Intrepid Potash Stock Up 3.7 %

NYSE:IPI opened at $24.36 on Friday. The firm has a market capitalization of $323.50 million, a price-to-earnings ratio of -7.21 and a beta of 2.19. Intrepid Potash, Inc. has a twelve month low of $17.52 and a twelve month high of $28.00. The stock’s 50 day moving average price is $23.76 and its two-hundred day moving average price is $23.03.

Intrepid Potash (NYSE:IPI) last posted its earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The business had revenue of $62.06 million for the quarter, compared to analyst estimates of $50.88 million. Intrepid Potash had a negative return on equity of 2.02% and a negative net margin of 19.19%. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, analysts anticipate that Intrepid Potash, Inc. will post 0.15 earnings per share for the current year.

Intrepid Potash 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.