A Director at Intrepid Potash (NYSE: IPI) is Buying Shares

By Carrie Williams

Yesterday, a Director at Intrepid Potash (IPIResearch Report), Hugh Harvey, bought shares of IPI for $64.5K.

Following Hugh Harvey’s last IPI Buy transaction on March 23, 2017, the stock climbed by 1.6%.

See today’s analyst top recommended stocks >>

Based on Intrepid Potash’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $62.51 million and quarterly net profit of $5.61 million. In comparison, last year the company earned revenue of $51.01 million and had a GAAP net loss of $958K. Currently, Intrepid Potash has an average volume of 485.83K. IPI’s market cap is $428.9M and the company has a P/E ratio of 18.70.

The insider sentiment on Intrepid Potash has been positive according to 38 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Intrepid Potash, Inc. engages in the production and marketing of potash and langbeinite products. It operates through Potash, oilfield solutions and Trio segments.