KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $48.27, for a total transaction of $434,430.00. Following the transaction, the insider now directly owns 1,586,097 shares of the company’s stock, valued at approximately $76,560,902.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

KMG Chemicals, Inc. (NYSE:KMG) opened at 48.91 on Wednesday. The stock’s 50 day moving average is $48.93 and its 200-day moving average is $48.59. KMG Chemicals, Inc. has a 12 month low of $25.87 and a 12 month high of $61.10. The firm has a market cap of $581.49 million, a price-to-earnings ratio of 26.83 and a beta of 0.59.

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A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of KMG Chemicals by 7.6% during the 2nd 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 last quarter. Acadian Asset Management LLC lifted its stake in shares of KMG Chemicals by 108.7% during the 2nd 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 last quarter. Renaissance Technologies LLC lifted its stake in shares of KMG Chemicals by 5.9% during the 1st 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 last quarter. Vanguard Group Inc. lifted its stake in shares of KMG Chemicals by 10.2% during the 2nd 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 last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of KMG Chemicals by 2,650.2% during the 2nd 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 last quarter. 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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