KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $49.36, for a total value of $148,080.00. Following the completion of the sale, the insider now owns 1,577,097 shares in the company, valued at $77,845,507.92. 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, hitting $48.87. The stock had a trading volume of 83,804 shares. The firm has a market cap of $581.02 million, a price-to-earnings ratio of 26.81 and a beta of 0.59. The stock’s 50 day moving average price is $48.68 and its 200 day moving average price is $48.68. KMG Chemicals, Inc. has a 12 month low of $26.33 and a 12 month high of $61.10.

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/15/kmg-chemicals-inc-kmg-major-shareholder-david-l-hatcher-sells-3000-shares-3.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of KMG Chemicals by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 608,368 shares of the specialty chemicals company’s stock worth $29,609,000 after buying an additional 43,214 shares during the period. Acadian Asset Management LLC raised its stake in shares of KMG Chemicals by 108.7% in the second quarter. Acadian Asset Management LLC now owns 402,356 shares of the specialty chemicals company’s stock worth $19,582,000 after buying an additional 209,577 shares during the period. Renaissance Technologies LLC raised its stake in shares of KMG Chemicals by 5.9% in the first quarter. Renaissance Technologies LLC now owns 381,500 shares of the specialty chemicals company’s stock worth $17,576,000 after buying an additional 21,300 shares during the period. Vanguard Group Inc. raised its stake in shares of KMG Chemicals by 10.2% in the second quarter. Vanguard Group Inc. now owns 376,332 shares of the specialty chemicals company’s stock worth $18,316,000 after buying an additional 34,875 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of KMG Chemicals by 2,650.2% in the second quarter. Wells Fargo & Company MN now owns 295,319 shares of the specialty chemicals company’s stock worth $14,373,000 after buying an additional 284,581 shares during the period. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. BidaskClub cut KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut 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.