ProShare Advisors LLC Sells 1,086 Shares of Balchem Corporation (BCPC)

ProShare Advisors LLC lowered its stake in Balchem Corporation (NASDAQ:BCPC) by 24.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,275 shares of the basic materials company’s stock after selling 1,086 shares during the quarter. ProShare Advisors LLC’s holdings in Balchem Corporation were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Nationwide Fund Advisors raised its stake in shares of Balchem Corporation by 1.4% in the second quarter. Nationwide Fund Advisors now owns 263,297 shares of the basic materials company’s stock worth $20,461,000 after buying an additional 3,522 shares during the period. Principal Financial Group Inc. raised its stake in shares of Balchem Corporation by 1.3% in the second quarter. Principal Financial Group Inc. now owns 257,562 shares of the basic materials company’s stock worth $20,014,000 after buying an additional 3,273 shares during the period. Tributary Capital Management LLC raised its stake in shares of Balchem Corporation by 11.9% in the second quarter. Tributary Capital Management LLC now owns 187,925 shares of the basic materials company’s stock worth $14,604,000 after buying an additional 19,973 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Balchem Corporation by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 144,755 shares of the basic materials company’s stock worth $11,249,000 after buying an additional 8,826 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Balchem Corporation by 2.7% in the second quarter. Schroder Investment Management Group now owns 88,691 shares of the basic materials company’s stock worth $6,871,000 after buying an additional 2,298 shares during the period. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

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Balchem Corporation (NASDAQ:BCPC) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $147.08 million during the quarter. Balchem Corporation had a return on equity of 14.99% and a net margin of 10.99%.

Separately, BidaskClub downgraded Balchem Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st.

Balchem Corporation 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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Institutional Ownership by Quarter for Balchem Corporation (NASDAQ:BCPC)

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