BlackRock Amends Intrepid Potash Stake, Signals Portfolio Shift
Ticker: IPI · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-update
TL;DR
**BlackRock just updated its Intrepid Potash holdings, watch for potential stock movement.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 29, 2024, indicating a change in its ownership stake in Intrepid Potash, Inc. as of December 31, 2023. This filing, Amendment No. 5, updates their previous disclosures regarding their holdings of Intrepid Potash's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their sentiment about the company's future prospects, potentially influencing other investors and the stock price.
Why It Matters
This filing shows BlackRock's updated position in Intrepid Potash, providing insight into a major institutional investor's view on the company's value and future performance.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal high risk, but rather a change in their investment position.
Analyst Insight
An investor should review BlackRock's previous 13G filings for Intrepid Potash to understand the magnitude and direction of the change in their ownership stake, and then consider if this aligns with their own investment thesis for the company.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- Intrepid Potash, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 5 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated in the 'Names of reporting persons' section.
What is the subject company whose securities are being reported?
The subject company is Intrepid Potash, Inc., as indicated under 'Name of Issuer'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Intrepid Potash, Inc. is 46121Y201.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
From the Filing
EDGAR Filing Documents for 0001086364-24-005608 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-005608 Filing Date 2024-01-29 Accepted 2024-01-29 17:25:56 Documents 1 Document Format Files Seq Description Document Type Size 1 us46121y2019_012924.txt SC 13G/A 11528 Complete submission text file 0001086364-24-005608.txt 13379 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 707 17TH STREET SUITE 4200 DENVER CO 80202 Business Address 707 17TH STREET SUITE 4200 DENVER CO 80202 303-296-3006 Intrepid Potash, Inc. (Subject) CIK : 0001421461 (see all company filings) EIN. : 261501877 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-83993 | Film No.: 24574962 SIC : 1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels) (CF Office: 01 Energy & Transportation)