Kmg Chemicals INC (KMG) Holder Trigran Investments INC Has Cut Position as Share Price Rose

October 13, 2017 - By Vivian Currie

Investors sentiment increased to 1.66 in 2017 Q2. Its up 0.11, from 1.55 in 2017Q1. It is positive, as 9 investors sold KMG shares while 35 reduced holdings. 37 funds opened positions while 36 raised stakes. 8.53 million shares or 5.60% more from 8.08 million shares in 2017Q1 were reported. The Illinois-based Trigran has invested 9.56% in KMG Chemicals, Inc. (NYSE:KMG). Barclays Public Limited holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 5,690 shares. D E Shaw has invested 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Spark Investment Management Limited Liability Company stated it has 0.07% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Brown Advisory stated it has 129,836 shares. Goldman Sachs Gru has 0% invested in KMG Chemicals, Inc. (NYSE:KMG). California Pub Employees Retirement reported 49,500 shares. Hillsdale Inv Mngmt Incorporated reported 0.25% stake. Alliancebernstein Lp accumulated 43,210 shares. Federated Investors Pa accumulated 32,445 shares or 0% of the stock. Millennium Mngmt holds 0% or 13,700 shares. Indexiq Ltd Liability has 0.02% invested in KMG Chemicals, Inc. (NYSE:KMG) for 10,270 shares. Metropolitan Life Insur Ny reported 6,360 shares. Peak6 Invests LP owns 5,322 shares. Globeflex Cap Limited Partnership has 54,084 shares for 0.65% of their portfolio.

Since May 1, 2017, it had 0 buys, and 9 selling transactions for $3.38 million activity.

Douglas T. Granat decreased its stake in Kmg Chemicals Inc (KMG) by 43.31% based on its latest 2017Q2 regulatory filing with the SEC. Trigran Investments Inc sold 586,027 shares as the company’s stock rose 52.84% with the market. The hedge fund run by Douglas T. Granat held 766,999 shares of the basic industries company at the end of 2017Q2, valued at $37.33M, down from 1.35 million at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Kmg Chemicals Inc for a number of months, seems to be less bullish one the $659.52M market cap company. The stock declined 0.49% or $0.27 reaching $55.2 per share. About 48,519 shares traded. KMG Chemicals, Inc. (NYSE:KMG) has risen 169.63% since October 13, 2016 and is uptrending. It has outperformed by 152.93% the S&P500.

Trigran Investments Inc, which manages about $278.36 million and $390.38M US Long portfolio, upped its stake in Integrated Device Technology (NASDAQ:IDTI) by 419,130 shares to 1.51 million shares, valued at $39.00 million in 2017Q2, according to the filing. It also increased its holding in Surmodics Inc (NASDAQ:SRDX) by 188,114 shares in the quarter, for a total of 1.26 million shares, and has risen its stake in Silver Spring Networks Inc (NYSE:SSNI).

More notable recent KMG Chemicals, Inc. (NYSE:KMG) news were published by: Nasdaq.com which released: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for October 06, 2017” on October 05, 2017, also Globenewswire.com with their article: “KMG Nominates Margaret Montana to Board of Directors” published on August 24, 2017, Seekingalpha.com published: “KMG Chemical: An Unknown Specialty Chemical Company, But Not For Long” on May 30, 2017. More interesting news about KMG Chemicals, Inc. (NYSE:KMG) were released by: Seekingalpha.com and their article: “KMG Chemicals: Investors Might Be Too Optimistic” published on August 18, 2017 as well as Nasdaq.com‘s news article titled: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for June 09, 2017” with publication date: June 08, 2017.

KMG Chemicals, Inc. (NYSE:KMG) Ratings Coverage

Among 3 analysts covering KMG Chemicals (NYSE:KMG), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. KMG Chemicals had 6 analyst reports since August 12, 2015 according to SRatingsIntel. Gabelli downgraded the shares of KMG in report on Wednesday, December 14 to “Hold” rating. Seaport Global Securities upgraded KMG Chemicals, Inc. (NYSE:KMG) on Friday, December 11 to “Buy” rating. Zacks downgraded KMG Chemicals, Inc. (NYSE:KMG) on Wednesday, August 12 to “Strong-Buy” rating. The rating was downgraded by Zacks to “Hold” on Monday, August 31. The rating was upgraded by Global Hunter Securities on Wednesday, August 26 to “Neutral”. The firm has “Buy” rating given on Monday, May 1 by Gabelli.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.