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

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $48.69, for a total value of $146,070.00. Following the completion of the transaction, the insider now owns 1,577,097 shares of the company’s stock, valued at $76,788,852.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of KMG Chemicals, Inc. (KMG) traded down 0.55% during trading on Friday, reaching $48.87. The company’s stock had a trading volume of 83,804 shares. The stock has a market capitalization of $581.02 million, a price-to-earnings ratio of 26.81 and a beta of 0.59. KMG Chemicals, Inc. has a 1-year low of $26.33 and a 1-year high of $61.10. The company’s 50-day moving average price is $48.63 and its 200 day moving average price is $48.77.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/16/kmg-chemicals-inc-kmg-major-shareholder-david-l-hatcher-sells-3000-shares-of-stock-2.html.

A number of large investors have recently bought and sold shares of KMG. Creative Planning acquired a new position in KMG Chemicals in the second quarter worth about $105,000. Legal & General Group Plc raised its position in KMG Chemicals by 23.2% in the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after purchasing an additional 414 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in KMG Chemicals by 59.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock worth $128,000 after purchasing an additional 981 shares in the last quarter. Russell Investments Group Ltd. raised its position 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 worth $160,000 after purchasing an additional 778 shares in the last quarter. Finally, AXA acquired a new position in KMG Chemicals in the first quarter worth about $208,000. 73.72% of the stock is owned by hedge funds and other institutional investors.

KMG has been the subject of a number of research reports. BidaskClub upgraded KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a research note 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.

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

Receive News & Ratings for KMG Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply