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

Shares of KMG Chemicals, Inc. (NYSE:KMG) traded down 0.55% during midday trading on Friday, reaching $48.87. The company had a trading volume of 83,804 shares. The company has a 50 day moving average of $48.68 and a 200 day moving average of $48.68. KMG Chemicals, Inc. has a 12-month low of $26.33 and a 12-month high of $61.10. The firm has a market capitalization of $581.02 million, a price-to-earnings ratio of 26.81 and a beta of 0.59.

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A number of equities research analysts recently issued reports on KMG shares. BidaskClub upgraded KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in KMG Chemicals by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,228 shares of the specialty chemicals company’s stock worth $351,000 after purchasing an additional 112 shares during the last quarter. Youngs Advisory Group Inc. boosted its position in KMG Chemicals by 1.2% in the second quarter. Youngs Advisory Group Inc. now owns 29,753 shares of the specialty chemicals company’s stock worth $1,448,000 after purchasing an additional 356 shares during the last quarter. American International Group Inc. boosted its position in KMG Chemicals by 7.0% in the first quarter. American International Group Inc. now owns 5,547 shares of the specialty chemicals company’s stock worth $256,000 after purchasing an additional 365 shares during the last quarter. Legal & General Group Plc boosted 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 during the last quarter. Finally, Voya Investment Management LLC boosted its position in KMG Chemicals by 8.0% in the second quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 458 shares during the last quarter. 73.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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