Dimensional Fund Advisors LP increased its stake in KMG Chemicals, Inc. (NYSE:KMG) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 565,154 shares of the specialty chemicals company’s stock after buying an additional 25,689 shares during the period. Dimensional Fund Advisors LP owned about 4.75% of KMG Chemicals worth $26,036,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. American International Group Inc. increased its stake in shares of 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 valued at $256,000 after buying an additional 365 shares in the last quarter. Youngs Advisory Group Inc. increased its stake in shares of KMG Chemicals by 1.8% in the first quarter. Youngs Advisory Group Inc. now owns 29,397 shares of the specialty chemicals company’s stock valued at $1,354,000 after buying an additional 508 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of KMG Chemicals by 6.1% in the first quarter. Wells Fargo & Company MN now owns 10,738 shares of the specialty chemicals company’s stock valued at $494,000 after buying an additional 615 shares in the last quarter. WCM Investment Management CA increased its stake in shares of KMG Chemicals by 1.2% in the first quarter. WCM Investment Management CA now owns 56,840 shares of the specialty chemicals company’s stock valued at $2,619,000 after buying an additional 670 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 valued at $160,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.

KMG Chemicals, Inc. (KMG) traded up 0.16% during mid-day trading on Friday, reaching $49.82. 45,286 shares of the company traded hands. The stock has a market capitalization of $592.31 million, a PE ratio of 27.33 and a beta of 0.58. The firm’s 50-day moving average is $49.82 and its 200 day moving average is $46.44. KMG Chemicals, Inc. has a 52-week low of $25.87 and a 52-week high of $61.10.

KMG Chemicals (NYSE:KMG) last released its quarterly earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. KMG Chemicals had a net margin of 7.05% and a return on equity of 15.66%. The business had revenue of $81.60 million during the quarter, compared to the consensus estimate of $79.78 million. During the same quarter last year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts expect that KMG Chemicals, Inc. will post $2.09 earnings per share for the current year.

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Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Thursday. Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Monday, May 1st.

In other KMG Chemicals news, SVP Jeffrey S. Handelman acquired 2,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was purchased at an average price of $48.50 per share, with a total value of $97,000.00. Following the completion of the acquisition, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $97,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $54.35, for a total transaction of $489,150.00. Following the completion of the transaction, the insider now directly owns 1,802,097 shares of the company’s stock, valued at approximately $97,943,971.95. The disclosure for this sale can be found here. Insiders have sold 177,000 shares of company stock valued at $8,997,540 in the last three months. Corporate insiders own 6.90% of the company’s stock.

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.

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

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