Trigran Investments INC Decreased Kmg Chemicals INC (KMG) Stake by $28.13 Million; Market Value Rose

October 13, 2017 - By Darrin Black

Investors sentiment increased to 1.66 in Q2 2017. Its up 0.11, from 1.55 in 2017Q1. It increased, 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. Texas-based Bridgeway Mgmt has invested 0.02% in KMG Chemicals, Inc. (NYSE:KMG). Eam Invsts Ltd Limited Liability Company invested in 72,597 shares or 0.58% of the stock. California State Teachers Retirement invested in 0% or 16,302 shares. Bowling Port Management Ltd Liability Com invested 0.19% in KMG Chemicals, Inc. (NYSE:KMG). Mufg Americas Hldgs Corp has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Texas-based United Serv Automobile Association has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Menta Capital Limited Liability Co has 14,457 shares. Employees Retirement System Of Ohio, a Ohio-based fund reported 9,549 shares. Hillsdale Investment holds 26,650 shares. Meeder Asset, a Ohio-based fund reported 1,139 shares. Wells Fargo Company Mn holds 295,319 shares. Amer Gru Inc holds 0% or 5,724 shares in its portfolio. Panagora Asset Mngmt has 0.02% invested in KMG Chemicals, Inc. (NYSE:KMG) for 105,650 shares. James Inv Rech invested 0.04% in KMG Chemicals, Inc. (NYSE:KMG). Bank Of Ny Mellon owns 82,928 shares.

Since May 1, 2017, it had 0 insider buys, and 9 sales 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 1.35M 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 $659.52 million 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 Silver Spring Networks Inc (NYSE:SSNI) by 950,763 shares to 1.46M shares, valued at $16.42 million in 2017Q2, according to the filing. It also increased its holding in Dolby Laboratories Inc (NYSE:DLB) by 96,432 shares in the quarter, for a total of 112,374 shares, and has risen its stake in Hackett Group Inc (NASDAQ:HCKT).

More notable recent KMG Chemicals, Inc. (NYSE:KMG) news were published by: Seekingalpha.com which released: “KMG Chemicals: Investors Might Be Too Optimistic” on August 18, 2017, also Nasdaq.com with their article: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for June 09, 2017” published on June 08, 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: Nasdaq.com and their article: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for October 06, 2017” published on October 05, 2017 as well as Seekingalpha.com‘s news article titled: “KMG Chemicals Is Still Worth A Look” with publication date: September 05, 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 rating was upgraded by Global Hunter Securities on Wednesday, August 26 to “Neutral”. The rating was upgraded by Gabelli to “Buy” on Monday, May 1. Seaport Global Securities upgraded it to “Buy” rating and $26 target in Friday, December 11 report. Zacks downgraded the stock to “Strong-Buy” rating in Wednesday, August 12 report. Gabelli downgraded KMG Chemicals, Inc. (NYSE:KMG) on Wednesday, December 14 to “Hold” rating. The rating was downgraded by Zacks to “Hold” on Monday, August 31.

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