GSA Capital Partners LLP lowered its stake in KMG Chemicals, Inc. (NYSE:KMG) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,531 shares of the specialty chemicals company’s stock after selling 925 shares during the quarter. GSA Capital Partners LLP owned approximately 0.29% of KMG Chemicals worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Teachers Advisors LLC grew its stake in KMG Chemicals by 45.6% during the 4th quarter. Teachers Advisors LLC now owns 20,185 shares of the specialty chemicals company’s stock valued at $785,000 after acquiring an additional 6,322 shares in the last quarter. Russell Investments Group Ltd. grew its stake in 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 acquiring an additional 778 shares in the last quarter. Wells Fargo & Company MN grew its stake in KMG Chemicals by 6.1% during the 1st quarter. Wells Fargo & Company MN now owns 10,738 shares of the specialty chemicals company’s stock valued at $494,000 after acquiring an additional 615 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in KMG Chemicals during the 1st quarter valued at about $209,000. Finally, American Century Companies Inc. grew its stake in KMG Chemicals by 69.5% during the 1st quarter. American Century Companies Inc. now owns 36,153 shares of the specialty chemicals company’s stock valued at $1,666,000 after acquiring an additional 14,823 shares in the last quarter. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

KMG has been the topic of several research analyst reports. BidaskClub cut KMG Chemicals from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.

KMG Chemicals, Inc. (NYSE KMG) opened at 51.37 on Friday. The stock has a market cap of $610.74 million, a PE ratio of 28.18 and a beta of 0.59. The firm’s 50-day moving average price is $48.59 and its 200 day moving average price is $49.09. KMG Chemicals, Inc. has a 1-year low of $26.33 and a 1-year high of $61.10.

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In other KMG Chemicals news, major shareholder David L. Hatcher sold 6,000 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $48.04, for a total value of $288,240.00. Following the completion of the sale, the insider now directly owns 1,727,097 shares in the company, valued at $82,969,739.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $47.88, for a total value of $430,920.00. Following the completion of the sale, the insider now owns 1,736,097 shares of the company’s stock, valued at $83,124,324.36. The disclosure for this sale can be found here. Insiders sold 252,000 shares of company stock valued at $12,393,540 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.

KMG Chemicals 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.

Institutional Ownership by Quarter for KMG Chemicals (NYSE:KMG)

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