KMG Chemicals, Inc. (KMG) is Bard Associates Inc.’s 5th Largest Position

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Bard Associates Inc. lowered its holdings in KMG Chemicals, Inc. (NYSE:KMG) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 54,900 shares of the specialty chemicals company’s stock after selling 920 shares during the period. KMG Chemicals accounts for 1.9% of Bard Associates Inc.’s portfolio, making the stock its 5th biggest holding. Bard Associates Inc.’s holdings in KMG Chemicals were worth $4,051,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KMG. SG Capital Management LLC purchased a new position in shares of KMG Chemicals in the second quarter worth $12,308,000. Wells Fargo & Company MN raised its stake in shares of KMG Chemicals by 25.0% in the first quarter. Wells Fargo & Company MN now owns 823,184 shares of the specialty chemicals company’s stock worth $49,351,000 after purchasing an additional 164,895 shares during the last quarter. Millennium Management LLC purchased a new position in shares of KMG Chemicals in the first quarter worth $7,948,000. BlackRock Inc. raised its stake in shares of KMG Chemicals by 15.0% in the second quarter. BlackRock Inc. now owns 978,751 shares of the specialty chemicals company’s stock worth $72,214,000 after purchasing an additional 127,714 shares during the last quarter. Finally, Cortina Asset Management LLC purchased a new position in shares of KMG Chemicals in the second quarter worth $9,362,000. Hedge funds and other institutional investors own 89.00% of the company’s stock.

In related news, VP Christopher W. Gonser sold 5,000 shares of KMG Chemicals stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $77.04, for a total value of $385,200.00. Following the completion of the sale, the vice president now owns 33,213 shares of the company’s stock, valued at $2,558,729.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Shares of KMG opened at $76.41 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.70 and a quick ratio of 1.71. KMG Chemicals, Inc. has a one year low of $48.69 and a one year high of $79.35. The firm has a market capitalization of $1.18 billion, a P/E ratio of 33.66, a PEG ratio of 0.58 and a beta of 0.33.

KMG has been the subject of several recent analyst reports. Gabelli cut KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. KeyCorp restated an “equal weight” rating on shares of KMG Chemicals in a research note on Thursday, June 14th. Seaport Global Securities cut KMG Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday. ValuEngine upgraded KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th. Finally, Zacks Investment Research cut KMG Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $77.33.

KMG Chemicals Company Profile

KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.

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Want to see what other hedge funds are holding KMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KMG Chemicals, Inc. (NYSE:KMG).

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

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