Short Interest in Balchem Co. (BCPC) Decreases By 26.0%

Balchem Co. (NASDAQ:BCPC) saw a large decrease in short interest in January. As of January 12th, there was short interest totalling 761,680 shares, a decrease of 26.0% from the December 29th total of 1,028,845 shares. Based on an average trading volume of 107,746 shares, the days-to-cover ratio is currently 7.1 days. Currently, 2.4% of the company’s stock are sold short.

Separately, BidaskClub downgraded Balchem from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.

A number of large investors have recently made changes to their positions in BCPC. Riverhead Capital Management LLC boosted its stake in Balchem by 94.9% during the 2nd 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 during the period. SeaCrest Wealth Management LLC bought a new stake in Balchem during the 4th quarter valued at approximately $113,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Balchem by 158.3% during the 3rd 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 during the period. Zions Bancorporation bought a new stake in Balchem during the 3rd quarter valued at approximately $196,000. Finally, Oliver Luxxe Assets LLC bought a new stake in Balchem during the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Shares of Balchem (BCPC) opened at $74.95 on Friday. Balchem has a 52 week low of $70.23 and a 52 week high of $89.50. The stock has a market capitalization of $2,410.00, a PE ratio of 37.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.16.

The firm also recently announced an annual dividend, which was paid on Friday, January 19th. Investors of record on Wednesday, December 27th were paid a dividend of $0.42 per share. This is an increase from Balchem’s previous annual dividend of $0.38. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a yield of 0.5%. Balchem’s dividend payout ratio is presently 21.11%.

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Balchem Company Profile

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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