Insider Selling: KMG Chemicals, Inc. (KMG) Major Shareholder Sells 15,000 Shares of Stock
KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 15,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $58.73, for a total value of $880,950.00. Following the transaction, the insider now owns 941,097 shares in the company, valued at $55,270,626.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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. (KMG) traded down $1.45 on Thursday, reaching $57.30. The company had a trading volume of 79,183 shares, compared to its average volume of 144,388. The company has a current ratio of 2.87, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99. KMG Chemicals, Inc. has a fifty-two week low of $36.29 and a fifty-two week high of $68.13. The company has a market cap of $897.13, a price-to-earnings ratio of 22.27 and a beta of 0.35.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The business had revenue of $110.70 million for the quarter, compared to analyst estimates of $106.60 million. The firm’s revenue was up 44.7% on a year-over-year basis. equities research analysts anticipate that KMG Chemicals, Inc. will post 3.17 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its position in KMG Chemicals by 39.7% during the 3rd quarter. Susquehanna International Group LLP now owns 21,166 shares of the specialty chemicals company’s stock worth $1,162,000 after acquiring an additional 6,014 shares during the last quarter. Prudential Financial Inc. grew its position in shares of KMG Chemicals by 49.3% in the 3rd quarter. Prudential Financial Inc. now owns 75,508 shares of the specialty chemicals company’s stock worth $4,144,000 after buying an additional 24,930 shares during the last quarter. Vanguard Group Inc. grew its position in shares of KMG Chemicals by 10.2% in 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. Citadel Advisors LLC bought a new stake in shares of KMG Chemicals in the 2nd quarter worth approximately $264,000. Finally, EAM Investors LLC grew its position in shares of KMG Chemicals by 4.9% in the 3rd quarter. EAM Investors LLC now owns 76,118 shares of the specialty chemicals company’s stock worth $4,177,000 after buying an additional 3,521 shares during the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.
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KMG Chemicals Company 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.
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