Robert Jornayvaz (Insider Trades), CEO, president and 10% owner of Intrepid Potash Inc. (IPI), bought 39,968 shares of the company on Sept. 23. The average price per share was $5.87 for a total transaction of $234,612. Intrepid Potash Inc. is the sole U.S. producer of potash and supplies 9% of the country’s annual consumption. Intrepid Potash also produces a specialty fertilizer called Trio, which delivers three key nutrients, potassium, magnesium and sulfate in a single particle. The company has a market cap of $452.45 million and a P/S ratio of 1.34.
Insider buys of the company increased from 2012 to 2015; on the other hand, insider sales of the company decreased during the same period of time. There were six insider sales in 2012 totaling 923,479 shares, and no insider sales as of this month. The inverse is true for 2015. There were no insider buys in 2012, but there were three insider buys totaling 130,688 shares of the company in 2015. Jornayvaz made all three of the insider buys in 2015 and another insider buy in 2013, which add up to a total of 150,688 shares. His earliest buy has decreased nearly 70% since the purchase. Jornayvaz also sold 3,931,051 shares of IPI in 14 transactions since November 2009. His earliest sale has also decreased about 70% since then. For more information about insider trades with IPI, click here. Continue Reading »