KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 6,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $48.34, for a total transaction of $290,040.00. Following the completion of the transaction, the insider now owns 1,601,097 shares of the company’s stock, valued at approximately $77,397,028.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
KMG Chemicals, Inc. (NYSE KMG) opened at 48.87 on Friday. The stock has a market cap of $581.02 million, a P/E ratio of 26.81 and a beta of 0.59. KMG Chemicals, Inc. has a 52 week low of $26.33 and a 52 week high of $61.10. The stock has a 50 day moving average of $48.63 and a 200-day moving average of $48.77.
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Several large investors have recently added to or reduced their stakes in KMG. Teachers Advisors LLC boosted its holdings in 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 acquiring an additional 6,322 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in 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 acquiring an additional 778 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in 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 acquiring an additional 615 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in KMG Chemicals in the first quarter valued at approximately $209,000. Finally, American Century Companies Inc. boosted its holdings in 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 acquiring an additional 14,823 shares during the last quarter. Institutional investors own 73.72% of the company’s stock.
KMG has been the subject of several recent research reports. BidaskClub raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th.
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.
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