Today it was reported that the President & CEO of KMG Chemicals (NYSE: KMG), Christopher Fraser, exercised options to buy 6,000 KMG shares for a total transaction value of $454.5K. The options were close to expired and Christopher Fraser retained stocks.
Following Christopher Fraser’s last KMG Buy transaction on August 02, 2018, the stock climbed by 5.3%. Following this transaction Christopher Fraser’s holding in the company was increased by 2.11% to a total of $21.99 million.
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Based on KMG Chemicals’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $119 million and quarterly net profit of $15.65 million. In comparison, last year the company earned revenue of $96.26 million and had a net profit of $5.34 million. KMG’s market cap is $1.17B and the company has a P/E ratio of 21.77. Currently, KMG Chemicals has an average volume of 288.8K.
The insider sentiment on KMG Chemicals has been positive according to 79 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Christopher Fraser’s trades have generated a 25.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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KMG Chemicals, Inc. engages in the manufacture and distribution of specialty chemicals. It operates through the following segments: Electronic Chemicals, Wood Treating Chemicals and Industrial Lubricants. The Electronic Chemicals segment sells wet process chemicals primarily to the semiconductor industry.
