KMG Chemicals Inc. Announces Dividend of $0.03 (KMG)
KMG Chemicals Inc. (NYSE:KMG) announced a dividend on Thursday, September 29th. Investors of record on Tuesday, October 11th will be paid a dividend of 0.03 per share on Tuesday, October 18th. The ex-dividend date is Thursday, October 6th.
Shares of KMG Chemicals (NYSE:KMG) opened at 27.94 on Friday. KMG Chemicals has a 52 week low of $18.87 and a 52 week high of $29.45. The company’s 50-day moving average is $27.88 and its 200-day moving average is $25.22. The firm has a market cap of $327.88 million, a PE ratio of 18.25 and a beta of 0.85.
Separately, Zacks Investment Research lowered shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd.
Hedge funds have recently bought and sold shares of the stock. Panagora Asset Management Inc. raised its stake in KMG Chemicals by 804.0% in the second quarter. Panagora Asset Management Inc. now owns 14,853 shares of the company’s stock worth $386,000 after buying an additional 13,210 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of KMG Chemicals during the second quarter worth about $202,000. Menta Capital LLC raised its stake in shares of KMG Chemicals by 19.7% in the second quarter. Menta Capital LLC now owns 30,273 shares of the company’s stock worth $787,000 after buying an additional 4,982 shares during the period. Rhumbline Advisers raised its stake in shares of KMG Chemicals by 3.2% in the second quarter. Rhumbline Advisers now owns 12,744 shares of the company’s stock worth $331,000 after buying an additional 392 shares during the period. Finally, TFS Capital LLC bought a new stake in shares of KMG Chemicals during the second quarter worth about $1,495,000. Institutional investors own 68.91% of the company’s stock.
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.
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