Youngs Advisory Group buys $760,849 stake in KMG Chemicals (KMG)

KMG Chemicals (KMG) : Youngs Advisory Group scooped up 685 additional shares in KMG Chemicals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 27,607 shares of KMG Chemicals which is valued at $760,849.KMG Chemicals makes up approximately 0.62% of Youngs Advisory Group’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in KMG by selling 78,046 shares or 27.03% in the most recent quarter. The Hedge Fund company now holds 210,710 shares of KMG which is valued at $5,807,168. KMG Chemicals makes up approx 0.03% of Acadian Asset Management’s portfolio. Bnp Paribas Arbitrage Sa added KMG to its portfolio by purchasing 349 company shares during the most recent quarter which is valued at $9,269. Kistler-tiffany Companies sold out all of its stake in KMG during the most recent quarter. The investment firm sold 2,000 shares of KMG which is valued $53,120.

KMG Chemicals closed down -0.15 points or -0.54% at $27.56 with 70,238 shares getting traded on Wednesday. Post opening the session at $27.72, the shares hit an intraday low of $27.17 and an intraday high of $27.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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