Raymond James & Associates Increases Stake in Balchem Co. (BCPC)

Raymond James & Associates grew its position in shares of Balchem Co. (NASDAQ:BCPC) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,902 shares of the basic materials company’s stock after buying an additional 1,028 shares during the quarter. Raymond James & Associates owned approximately 0.12% of Balchem worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Balchem by 6.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the basic materials company’s stock valued at $1,112,000 after buying an additional 800 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Balchem by 21.9% during the 4th quarter. Profund Advisors LLC now owns 4,829 shares of the basic materials company’s stock valued at $389,000 after buying an additional 869 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Balchem by 10.3% during the 4th quarter. Aperio Group LLC now owns 10,482 shares of the basic materials company’s stock valued at $845,000 after buying an additional 975 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of 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 buying an additional 1,352 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Balchem by 5.8% during the 3rd quarter. American International Group Inc. now owns 25,126 shares of the basic materials company’s stock valued at $2,042,000 after buying an additional 1,374 shares during the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

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BCPC opened at $84.06 on Friday. Balchem Co. has a twelve month low of $70.23 and a twelve month high of $88.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.84 and a quick ratio of 1.28. The company has a market capitalization of $2,692.95, a P/E ratio of 33.09 and a beta of 0.94.

Balchem (NASDAQ:BCPC) last posted its earnings results on Tuesday, February 27th. The basic materials company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Balchem had a return on equity of 14.16% and a net margin of 15.14%. The firm had revenue of $159.26 million during the quarter.

Separately, BidaskClub upgraded Balchem from a “sell” rating to a “hold” rating in a report on Thursday, March 15th.

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Balchem Profile

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.

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Institutional Ownership by Quarter for Balchem (NASDAQ:BCPC)

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