Bank of New York Mellon Corp lowered its stake in shares of Balchem Corporation (NASDAQ:BCPC) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,579 shares of the basic materials company’s stock after selling 8,387 shares during the period. Bank of New York Mellon Corp owned approximately 1.24% of Balchem worth $32,237,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its holdings in shares of Balchem by 94.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,364 shares of the basic materials company’s stock valued at $106,000 after buying an additional 664 shares during the period. Victory Capital Management Inc. lifted its position in Balchem by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,130 shares of the basic materials company’s stock valued at $166,000 after purchasing an additional 319 shares during the last quarter. Sei Investments Co. lifted its position in Balchem by 117.9% in the 2nd quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 1,334 shares during the last quarter. Turner Investments LLC lifted its position in Balchem by 25.0% in the 2nd quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 500 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new stake in Balchem in the 3rd quarter valued at about $205,000. 87.20% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded shares of Balchem from a “hold” rating to a “sell” rating in a research report on Thursday.
Shares of Balchem Corporation (BCPC) opened at $82.61 on Friday. The company has a market cap of $2,640.00, a PE ratio of 33.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.16. Balchem Corporation has a 52-week low of $71.95 and a 52-week high of $89.50.
Balchem (NASDAQ:BCPC) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $150.72 million for the quarter. Balchem had a net margin of 11.11% and a return on equity of 14.68%.
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Balchem Corporation is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization and industrial markets. The Company operates in four segments: Human Nutrition & Health, Animal Nutrition & Health, Specialty Products and Industrial Products.
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