KMG Chemicals Inc. (KMG) Shares Bought by Algert Global LLC
Algert Global LLC boosted its stake in shares of KMG Chemicals Inc. (NYSE:KMG) by 150.2% during the third quarter, Holdings Channel reports. The fund owned 121,946 shares of the company’s stock after buying an additional 73,205 shares during the period. KMG Chemicals comprises 1.0% of Algert Global LLC’s investment portfolio, making the stock its 4th largest position. Algert Global LLC’s holdings in KMG Chemicals were worth $3,455,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMG. BlackRock Advisors LLC boosted its position in shares of KMG Chemicals by 1.3% in the second quarter. BlackRock Advisors LLC now owns 4,789 shares of the company’s stock worth $124,000 after buying an additional 61 shares during the last quarter. State Street Corp boosted its position in shares of KMG Chemicals by 0.3% in the first quarter. State Street Corp now owns 139,191 shares of the company’s stock worth $3,213,000 after buying an additional 368 shares during the last quarter. Rhumbline Advisers boosted its position in shares of KMG Chemicals by 3.2% in the second quarter. Rhumbline Advisers now owns 12,744 shares of the company’s stock worth $331,000 after buying an additional 392 shares during the last quarter. Youngs Advisory Group Inc. boosted its position in shares of KMG Chemicals by 2.5% in the second quarter. Youngs Advisory Group Inc. now owns 27,607 shares of the company’s stock worth $718,000 after buying an additional 685 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of KMG Chemicals by 1.3% in the first quarter. Geode Capital Management LLC now owns 52,391 shares of the company’s stock worth $1,208,000 after buying an additional 690 shares during the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.
KMG Chemicals Inc. (NYSE:KMG) opened at 27.41 on Wednesday. The company has a 50-day moving average of $27.85 and a 200-day moving average of $25.53. KMG Chemicals Inc. has a 12 month low of $18.87 and a 12 month high of $29.45. The stock has a market cap of $321.66 million, a PE ratio of 17.90 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 11th will be paid a $0.03 dividend. The ex-dividend date is Thursday, October 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. KMG Chemicals’s dividend payout ratio (DPR) is presently 7.84%.
Separately, Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th.
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.
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