Walthausen & Co. LLC Cuts Stake in Intrepid Potash, Inc. (NYSE:IPI)

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Walthausen & Co. LLC reduced its stake in shares of Intrepid Potash, Inc. (NYSE:IPI) by 45.4% during the 4th quarter, HoldingsChannel reports. The fund owned 381,010 shares of the basic materials company’s stock after selling 317,141 shares during the period. Walthausen & Co. LLC’s holdings in Intrepid Potash were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of Intrepid Potash during the 4th quarter worth about $29,000. Renaissance Technologies LLC purchased a new position in Intrepid Potash in the 4th quarter worth about $34,000. SG Americas Securities LLC purchased a new position in Intrepid Potash in the 4th quarter worth about $51,000. Citigroup Inc. grew its stake in Intrepid Potash by 47.6% during the 4th quarter. Citigroup Inc. now owns 19,441 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 6,274 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Intrepid Potash during the 3rd quarter valued at about $70,000. Institutional investors and hedge funds own 42.99% of the company’s stock.

IPI has been the topic of several research analyst reports. TheStreet cut Intrepid Potash from a “b-” rating to a “c+” rating in a research note on Thursday, December 12th. ValuEngine lowered Intrepid Potash from a “hold” rating to a “sell” rating in a report on Thursday, March 19th.

Shares of Intrepid Potash stock traded up $0.02 during trading on Thursday, hitting $0.81. 1,188,900 shares of the stock traded hands, compared to its average volume of 777,853. The stock has a market cap of $126.07 million, a P/E ratio of 7.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.58 and a current ratio of 1.66. Intrepid Potash, Inc. has a twelve month low of $0.76 and a twelve month high of $3.97. The company has a fifty day moving average price of $1.67 and a two-hundred day moving average price of $2.48.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings results on Monday, March 2nd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $39.27 million during the quarter. Intrepid Potash had a return on equity of 3.17% and a net margin of 6.19%. On average, equities research analysts expect that Intrepid Potash, Inc. will post 0.14 EPS for the current fiscal year.

Intrepid Potash Profile

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

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Institutional Ownership by Quarter for Intrepid Potash (NYSE:IPI)

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