Trigran Investments buys $37,939,597 stake in KMG Chemicals (KMG)

KMG Chemicals (KMG) : Trigran Investments scooped up 76,806 additional shares in KMG Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,709,761 shares of KMG Chemicals which is valued at $37,939,597.KMG Chemicals makes up approximately 11.48% of Trigran Investments’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in KMG in the latest quarter, The investment management firm added 2,725 additional shares and now holds a total of 213,949 shares of KMG Chemicals which is valued at $4,747,528. Nine Chapters Capital Management added KMG to its portfolio by purchasing 10,500 company shares during the most recent quarter which is valued at $232,995. KMG Chemicals makes up approx 0.02% of Nine Chapters Capital Management’s portfolio.Ghp Investment Advisors reduced its stake in KMG by selling 1,288 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 21,548 shares of KMG which is valued at $478,150. KMG Chemicals makes up approx 0.10% of Ghp Investment Advisors’s portfolio.

KMG Chemicals closed down -0.14 points or -0.63% at $22.05 with 34,238 shares getting traded on Monday. Post opening the session at $22.02, the shares hit an intraday low of $21.94 and an intraday high of $22.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

KMG Chemicals Inc. manufactures formulates and globally distributes specialty chemicals. The Company operates through two segments: Electronic chemicals and Other chemicals. The Company operates businesses engaged in selling electronic chemicals industrial wood treating chemicals and industrial valve lubricants and sealants. The Company is the global supplier of high-purity process chemicals serving semiconductor manufacturers in the United States Europe and Asia. The Company formulates and blends acids solvents and other wet chemicals used in the production of semiconductors photovoltaics (solar cells) and flat panel displays. It is the North American manufacturer of pentachlorophenol (penta) used to protect wood utility poles and cross-arms. In the Company’s industrial valve lubricants and sealants business it manufactures and distributes industrial sealants lubricants and related equipment primarily to the oil and gas storage pipeline and gas distribution markets.

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