Intrepid Potash, Inc. (IPI) Major Shareholder Clearway Capital Management Lt Buys 211,344 Shares
Intrepid Potash, Inc. (NYSE:IPI) major shareholder Clearway Capital Management Lt purchased 211,344 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $3.30 per share, with a total value of $697,435.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Intrepid Potash, Inc. (NYSE:IPI) opened at $3.36 on Friday. The company has a quick ratio of 1.17, a current ratio of 4.71 and a debt-to-equity ratio of 0.15. The stock has a market cap of $431.55, a PE ratio of -7.30 and a beta of 0.85. Intrepid Potash, Inc. has a twelve month low of $1.24 and a twelve month high of $5.12.
IPI has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Intrepid Potash from $3.00 to $4.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 31st. Cowen restated a “sell” rating and issued a $3.50 target price on shares of Intrepid Potash in a research note on Friday, December 1st. Stephens initiated coverage on shares of Intrepid Potash in a research note on Monday, December 4th. They issued an “equal weight” rating and a $4.00 target price for the company. Finally, Zacks Investment Research cut shares of Intrepid Potash from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $3.55.
COPYRIGHT VIOLATION WARNING: This news story was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://theolympiareport.com/2018/02/11/intrepid-potash-inc-ipi-major-shareholder-clearway-capital-management-lt-buys-211344-shares.html.
About Intrepid Potash
Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.
Receive News & Ratings for Intrepid Potash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash and related companies with MarketBeat.com's FREE daily email newsletter.