As Kmg Chemicals INC (KMG) Share Value Rose, Trigran Investments INC Trimmed Stake by $28.13 Million

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. 13,700 are held by Millennium Management Ltd Liability Corporation. Gsa Capital Prtnrs Llp owns 0.11% invested in KMG Chemicals, Inc. (NYSE:KMG) for 34,531 shares. The Texas-based Eagle Glob Advsr Ltd Liability Com has invested 0.02% in KMG Chemicals, Inc. (NYSE:KMG). Voya Inv Mgmt Ltd Company has 6,213 shares. Great West Life Assurance Communications Can invested 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG). Citadel Advisors Ltd Liability Com holds 5,431 shares or 0% of its portfolio. Panagora Asset has invested 0.02% in KMG Chemicals, Inc. (NYSE:KMG). Axa holds 0% or 4,525 shares. Numeric Investors Ltd Company stated it has 261,829 shares or 0.11% of all its holdings. Northern holds 121,931 shares. Goldman Sachs Gp owns 9,760 shares or 0% of their US portfolio. First Advisors Lp accumulated 5,876 shares or 0% of the stock. 49,318 were accumulated by Martingale Asset Mngmt L P. D E Shaw And Co Inc has 0% invested in KMG Chemicals, Inc. (NYSE:KMG). Metropolitan Life Ins Com New York reported 0% stake.

Since May 1, 2017, it had 0 buys, and 9 sales for $3.38 million activity. $490,740 worth of KMG Chemicals, Inc. (NYSE:KMG) was sold by HATCHER DAVID L on Monday, May 1.

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 $278.36M and $390.38 million US Long portfolio, upped its stake in Integrated Device Technology (NASDAQ:IDTI) by 419,130 shares to 1.51M shares, valued at $39.00M in 2017Q2, according to the filing. It also increased its holding in Silver Spring Networks Inc (NYSE:SSNI) by 950,763 shares in the quarter, for a total of 1.46 million shares, and has risen its stake in Dolby Laboratories Inc (NYSE:DLB).

More notable recent KMG Chemicals, Inc. (NYSE:KMG) news were published by: Seekingalpha.com which released: “KMG Chemicals Is Still Worth A Look” on September 05, 2017, also Globenewswire.com with their article: “KMG Nominates Margaret Montana to Board of Directors” published on August 24, 2017, Nasdaq.com published: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for October 06, 2017” on October 05, 2017. More interesting news about KMG Chemicals, Inc. (NYSE:KMG) were released by: Seekingalpha.com and their article: “KMG Chemicals – Flowchem Deal Looks Reasonable As Leverage Concerns Should Be …” published on April 26, 2017 as well as Seekingalpha.com‘s news article titled: “KMG Chemical: An Unknown Specialty Chemical Company, But Not For Long” with publication date: May 30, 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. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Neutral” rating by Global Hunter Securities on Wednesday, August 26. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Strong-Buy” rating by Zacks on Wednesday, August 12. On Monday, August 31 the stock rating was downgraded by Zacks to “Hold”. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Buy” rating by Gabelli on Monday, May 1. Gabelli downgraded the shares of KMG in report on Wednesday, December 14 to “Hold” rating. The firm has “Buy” rating by Seaport Global Securities given on Friday, December 11.

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