State of Tennessee Treasury Department continued to hold its stake in shares of Balchem Corporation (NASDAQ:BCPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,672 shares of the basic materials company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned approximately 0.20% of Balchem Corporation worth $4,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in Balchem Corporation 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 buying an additional 319 shares during the period. Sei Investments Co. lifted its position in Balchem Corporation 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 buying an additional 1,334 shares during the period. Turner Investments LLC lifted its position in Balchem Corporation 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 buying an additional 500 shares during the period. Capital Analysts LLC purchased a new position in Balchem Corporation during the second quarter valued at $197,000. Finally, American Capital Management Inc. purchased a new position in Balchem Corporation during the second quarter valued at $218,000. 84.22% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub lowered Balchem Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.
Balchem Corporation (BCPC) opened at 75.57 on Tuesday. Balchem Corporation has a 52-week low of $65.37 and a 52-week high of $89.50. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 39.16 and a beta of 1.10. The stock has a 50 day moving average price of $75.50 and a 200 day moving average price of $79.34.
Balchem Corporation (NASDAQ:BCPC) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Balchem Corporation had a return on equity of 14.99% and a net margin of 10.99%. The company had revenue of $147.08 million for the quarter. Analysts expect that Balchem Corporation will post $2.48 EPS for the current fiscal year.
In related news, Director Edward Mcmillan sold 2,557 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $81.09, for a total transaction of $207,347.13. Following the sale, the director now owns 25,739 shares of the company’s stock, valued at $2,087,175.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.59% of the stock is owned by company insiders.
About Balchem Corporation
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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