Friday, January 12, 2018 10:15 PM ET
Significant Insider Selling in Shares of MG Chemicals (KMG) Continues
One MG Chemicals insider — David L Hatcher, 10% Owner — today, disposed of 30,000 shares having a market value of approximately $1,986,450, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 312,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 342,000 shares and have averaged 171,000 shares per transaction over this time period.
The number of insider buy/sell trades at MG Chemicals is greater than that of the 32 peer company average over the last 90-day period. The Specialty Chemicals peer group saw 43 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by MG Chemicals insiders is lower than its peers. Within the peer group there were 7,331,940 shares purchased and 1,007,336 shares sold with company insiders purchasing 332,874 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.
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