David L. Hatcher Sells 3,000 Shares of KMG Chemicals, Inc. (KMG) Stock

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $54.10, for a total transaction of $162,300.00. Following the completion of the sale, the insider now directly owns 1,523,097 shares in the company, valued at approximately $82,399,547.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

KMG Chemicals, Inc. (KMG) opened at 54.95 on Friday. The company’s 50-day moving average is $50.96 and its 200 day moving average is $50.53. The firm has a market cap of $653.30 million, a P/E ratio of 30.14 and a beta of 0.62. KMG Chemicals, Inc. has a 12 month low of $26.33 and a 12 month high of $61.10.

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

WARNING: This piece of content was reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2956984/david-l-hatcher-sells-3000-shares-of-kmg-chemicals-inc-kmg-stock.html.

Several equities research analysts have issued reports on KMG shares. BidaskClub lowered shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.

Several institutional investors have recently bought and sold shares of the stock. Creative Planning bought a new stake in KMG Chemicals in the second quarter worth approximately $105,000. Legal & General Group Plc increased its holdings in KMG Chemicals by 23.2% in the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after purchasing an additional 414 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in KMG Chemicals by 59.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock worth $128,000 after purchasing an additional 981 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 778 shares in the last quarter. Finally, AXA bought a new stake in KMG Chemicals in the first quarter worth approximately $208,000. 73.72% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for KMG Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.