KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $49.02, for a total transaction of $441,180.00. Following the sale, the insider now directly owns 1,577,097 shares in the company, valued at approximately $77,309,294.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

KMG Chemicals, Inc. (NYSE KMG) traded down 0.55% during mid-day trading on Friday, hitting $48.87. 83,757 shares of the company’s stock were exchanged. KMG Chemicals, Inc. has a 12 month low of $26.33 and a 12 month high of $61.10. The stock’s 50 day moving average price is $48.68 and its 200-day moving average price is $48.68. The stock has a market cap of $581.02 million, a PE ratio of 26.81 and a beta of 0.59.

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A number of research firms have weighed in on KMG. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub cut shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

Institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of KMG Chemicals during the 2nd quarter valued at $105,000. Legal & General Group Plc raised its position 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 valued at $106,000 after buying an additional 414 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position 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 valued at $128,000 after buying an additional 981 shares in the last quarter. Russell Investments Group Ltd. raised its position 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 valued at $160,000 after buying an additional 778 shares in the last quarter. Finally, AXA purchased a new stake in shares of KMG Chemicals during the 1st quarter valued at $208,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

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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