KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $54.33, for a total transaction of $162,990.00. Following the sale, the insider now owns 1,532,097 shares in the company, valued at $83,238,830.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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) opened at 54.11 on Friday. The firm has a 50 day moving average of $50.20 and a 200-day moving average of $50.19. KMG Chemicals, Inc. has a 52 week low of $26.33 and a 52 week high of $61.10. The stock has a market capitalization of $643.31 million, a PE ratio of 29.68 and a beta of 0.62.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Friday, October 6th. KMG Chemicals’s dividend payout ratio is presently 6.67%.

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KMG has been the subject of several research analyst reports. 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 “buy” rating to a “hold” rating in a research note on Friday, July 28th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of KMG Chemicals by 45.6% in the fourth quarter. Teachers Advisors LLC now owns 20,185 shares of the specialty chemicals company’s stock valued at $785,000 after buying an additional 6,322 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of KMG Chemicals in the first quarter valued at about $3,436,000. American International Group Inc. raised its position in shares of KMG Chemicals by 7.0% in the first quarter. American International Group Inc. now owns 5,547 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 365 shares during the last quarter. Bank of America Corp DE raised its position in shares of KMG Chemicals by 323.3% in the first quarter. Bank of America Corp DE now owns 61,220 shares of the specialty chemicals company’s stock valued at $2,820,000 after buying an additional 46,756 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of KMG Chemicals in the first quarter valued at about $1,784,000. Institutional investors and hedge funds 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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