KMG Chemicals, Inc. (KMG) Major Shareholder David L. Hatcher Sells 6,000 Shares
KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 6,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.13, for a total transaction of $312,780.00. Following the completion of the sale, the insider now owns 1,454,097 shares of the company’s stock, valued at approximately $75,802,076.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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) opened at $54.34 on Tuesday. KMG Chemicals, Inc. has a 52-week low of $30.90 and a 52-week high of $61.10. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.52 and a quick ratio of 1.64. The stock has a market cap of $813.61, a PE ratio of 23.33 and a beta of 0.56.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.16. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The firm had revenue of $96.26 million during the quarter, compared to analyst estimates of $96.00 million. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. analysts expect that KMG Chemicals, Inc. will post 2.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Tuesday, October 10th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, October 6th. KMG Chemicals’s dividend payout ratio (DPR) is presently 6.25%.
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Several equities research analysts recently weighed in on KMG shares. 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.
Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new position in KMG Chemicals in the second quarter worth about $1,465,000. PDT Partners LLC raised its position in KMG Chemicals by 91.7% in the second quarter. PDT Partners LLC now owns 22,807 shares of the specialty chemicals company’s stock worth $1,110,000 after purchasing an additional 10,907 shares in the last quarter. Federated Investors Inc. PA raised its position in KMG Chemicals by 167.6% in the second quarter. Federated Investors Inc. PA now owns 32,445 shares of the specialty chemicals company’s stock worth $1,579,000 after purchasing an additional 20,321 shares in the last quarter. Bank of America Corp DE raised its position in 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 worth $2,820,000 after purchasing an additional 46,756 shares in the last quarter. Finally, American International Group Inc. raised its position in 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 worth $256,000 after purchasing an additional 365 shares in the last quarter. 57.67% of the stock is owned by hedge funds and other institutional investors.
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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