55,256 Shares in KMG Chemicals, Inc. (KMG) Acquired by Ajo LP

Ajo LP purchased a new position in KMG Chemicals, Inc. (NYSE:KMG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,256 shares of the specialty chemicals company’s stock, valued at approximately $2,689,000. Ajo LP owned 0.46% of KMG Chemicals at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KMG. Creative Planning purchased a new stake in shares of KMG Chemicals during the 2nd quarter worth approximately $105,000. Legal & General Group Plc raised its holdings in shares of KMG Chemicals by 23.2% during the 2nd quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 414 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of KMG Chemicals by 59.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock worth $128,000 after acquiring an additional 981 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of KMG Chemicals by 28.8% during the 1st quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock worth $160,000 after acquiring an additional 778 shares in the last quarter. Finally, AXA purchased a new stake in shares of KMG Chemicals during the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 73.72% of the company’s stock.

Several analysts have recently issued reports on KMG shares. Zacks Investment Research cut KMG Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub cut KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, July 28th.

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In related news, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $47.15, for a total transaction of $282,900.00. Following the transaction, the insider now owns 1,742,097 shares in the company, valued at $82,139,873.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher T. Fraser acquired 4,000 shares of KMG Chemicals stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average price of $46.99 per share, for a total transaction of $187,960.00. Following the transaction, the insider now owns 173,043 shares of the company’s stock, valued at approximately $8,131,290.57. The disclosure for this purchase can be found here. Insiders sold 246,000 shares of company stock worth $12,074,700 over the last ninety days. Corporate insiders own 6.90% of the company’s stock.

Shares of KMG Chemicals, Inc. (KMG) opened at 50.04 on Tuesday. The company’s 50-day moving average price is $48.61 and its 200 day moving average price is $49.01. The stock has a market cap of $594.93 million, a price-to-earnings ratio of 27.45 and a beta of 0.59. KMG Chemicals, Inc. has a 12-month low of $26.33 and a 12-month high of $61.10.

About KMG Chemicals

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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Institutional Ownership by Quarter for KMG Chemicals (NYSE:KMG)

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