Balchem (BCPC) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Balchem (NASDAQ:BCPC) from a hold rating to a sell rating in a research note released on Thursday, December 7th.

Balchem (NASDAQ BCPC) traded up $2.93 during trading on Thursday, hitting $83.87. 488,380 shares of the stock were exchanged, compared to its average volume of 79,856. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2,780.00, a price-to-earnings ratio of 31.99 and a beta of 1.09. Balchem has a one year low of $71.95 and a one year high of $89.50.

Balchem (NASDAQ:BCPC) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Balchem had a net margin of 11.11% and a return on equity of 14.68%. The business had revenue of $150.72 million during the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in BCPC. Riverhead Capital Management LLC increased its stake in shares of Balchem by 94.9% during the second quarter. Riverhead Capital Management LLC now owns 1,364 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 664 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Balchem by 17.6% during the second 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Balchem by 158.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,206 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 1,352 shares in the last quarter. Sei Investments Co. increased its position in shares of Balchem by 117.9% during the second quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 1,334 shares in the last quarter. Finally, Turner Investments LLC increased its position in shares of Balchem by 25.0% during the second quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock valued at $194,000 after acquiring an additional 500 shares in the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

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About Balchem

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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