JPMorgan Chase & Co. Acquires 15,541 Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)

JPMorgan Chase & Co. increased its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 59,773.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,567 shares of the company’s stock after purchasing an additional 15,541 shares during the period. JPMorgan Chase & Co. owned approximately 0.11% of Idaho Strategic Resources worth $250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in Idaho Strategic Resources during the 2nd quarter worth approximately $108,000. Renaissance Technologies LLC boosted its stake in shares of Idaho Strategic Resources by 24.7% during the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after purchasing an additional 12,050 shares during the period. Eastern Bank purchased a new stake in shares of Idaho Strategic Resources during the third quarter valued at approximately $40,000. Navellier & Associates Inc. grew its holdings in shares of Idaho Strategic Resources by 104.6% in the third quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock worth $801,000 after purchasing an additional 25,469 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Idaho Strategic Resources in the third quarter worth $417,000. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Price Performance

Shares of IDR opened at €12.78 ($13.31) on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.15. Idaho Strategic Resources, Inc. has a twelve month low of €6.06 ($6.31) and a twelve month high of €18.35 ($19.11). The firm has a market cap of $174.57 million, a price-to-earnings ratio of 25.06 and a beta of 0.79.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share for the quarter, missing the consensus estimate of €0.21 ($0.22) by (€0.06) (($0.06)). Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. The firm had revenue of €6.15 million for the quarter, compared to analysts’ expectations of €7.40 million. On average, equities research analysts predict that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John Swallow sold 225,000 shares of Idaho Strategic Resources stock in a transaction on Thursday, November 7th. The shares were sold at an average price of €13.04 ($13.58), for a total value of €2,934,000.00 ($3,056,250.00). Following the sale, the chief executive officer now owns 955,248 shares of the company’s stock, valued at approximately €12,456,433.92 ($12,975,452). This trade represents a 19.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Monique D. Hayes sold 7,746 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of €11.51 ($11.99), for a total transaction of €89,156.46 ($92,871.31). Following the transaction, the insider now directly owns 27,670 shares in the company, valued at approximately €318,481.70 ($331,751.77). The trade was a 21.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.66% of the company’s stock.

Idaho Strategic Resources Company Profile

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.