David L. Hatcher Sells 3,000 Shares of KMG Chemicals, Inc. (KMG) Stock

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $49.36, for a total transaction of $148,080.00. Following the completion of the transaction, the insider now directly owns 1,577,097 shares of the company’s stock, valued at $77,845,507.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

KMG Chemicals, Inc. (KMG) opened at 48.87 on Friday. KMG Chemicals, Inc. has a 52 week low of $26.33 and a 52 week high of $61.10. The stock has a market capitalization of $581.02 million, a PE ratio of 26.81 and a beta of 0.59. The firm has a 50 day moving average of $48.63 and a 200-day moving average of $48.77.

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KMG has been the subject of a number of recent research reports. BidaskClub raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.

Several hedge funds and other institutional investors have recently modified their holdings of KMG. Teachers Advisors LLC raised its position in shares of KMG Chemicals by 45.6% in the fourth quarter. Teachers Advisors LLC now owns 20,185 shares of the specialty chemicals company’s stock valued at $785,000 after buying an additional 6,322 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock valued at $160,000 after buying an additional 778 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of KMG Chemicals by 6.1% in the first quarter. Wells Fargo & Company MN now owns 10,738 shares of the specialty chemicals company’s stock valued at $494,000 after buying an additional 615 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of KMG Chemicals in the first quarter valued at about $209,000. Finally, American Century Companies Inc. raised its position in shares of KMG Chemicals by 69.5% in the first quarter. American Century Companies Inc. now owns 36,153 shares of the specialty chemicals company’s stock valued at $1,666,000 after buying an additional 14,823 shares during the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.

KMG Chemicals Company Profile

KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.

Insider Buying and Selling by Quarter for KMG Chemicals (NYSE:KMG)

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