Bard Associates Inc Lowers stake in KMG Chemicals (KMG)

KMG Chemicals (KMG) : Bard Associates Inc reduced its stake in KMG Chemicals by 0.89% during the most recent quarter end. The investment management company now holds a total of 111,355 shares of KMG Chemicals which is valued at $3,092,328 after selling 1,005 shares in KMG Chemicals , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.KMG Chemicals makes up approximately 1.54% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in KMG by selling 2,263 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 27,308 shares of KMG which is valued at $758,343. Dynamic Technology Lab Private Ltd sold out all of its stake in KMG during the most recent quarter. The investment firm sold 12,707 shares of KMG which is valued $352,873. Tower Research Capital (trc) added KMG to its portfolio by purchasing 1,806 company shares during the most recent quarter which is valued at $50,153.Blackrock Institutional Trust Company N.a. reduced its stake in KMG by selling 710 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 213,239 shares of KMG which is valued at $5,921,647.Pacific Ridge Capital Partners reduced its stake in KMG by selling 35,240 shares or 36.44% in the most recent quarter. The Hedge Fund company now holds 61,479 shares of KMG which is valued at $1,707,272. KMG Chemicals makes up approx 0.72% of Pacific Ridge Capital Partners’s portfolio.

KMG Chemicals closed down -0.45 points or -1.57% at $28.28 with 28,392 shares getting traded on Tuesday. Post opening the session at $28.79, the shares hit an intraday low of $28.25 and an intraday high of $28.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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