Wasatch Advisors Inc. Grows Holdings in Balchem Co. (BCPC)

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Wasatch Advisors Inc. raised its holdings in shares of Balchem Co. (NASDAQ:BCPC) by 6.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,232,837 shares of the basic materials company’s stock after buying an additional 73,439 shares during the quarter. Balchem comprises 1.2% of Wasatch Advisors Inc.’s portfolio, making the stock its 27th largest holding. Wasatch Advisors Inc.’s holdings in Balchem were worth $114,407,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. First Hawaiian Bank lifted its position in Balchem by 68.0% during the first quarter. First Hawaiian Bank now owns 378 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 153 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Balchem in the 4th quarter worth about $39,000. Pearl River Capital LLC bought a new stake in shares of Balchem in the 4th quarter worth about $45,000. Ellis Investment Partners LLC bought a new stake in shares of Balchem in the 1st quarter worth about $49,000. Finally, Private Capital Group LLC lifted its holdings in shares of Balchem by 116.7% in the 1st quarter. Private Capital Group LLC now owns 572 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Several research firms have recently issued reports on BCPC. Zacks Investment Research upgraded shares of Balchem from a “sell” rating to a “hold” rating and set a $94.00 target price for the company in a report on Monday, February 11th. HC Wainwright restated a “buy” rating and issued a $110.00 target price on shares of Balchem in a report on Monday, May 6th. BidaskClub upgraded shares of Balchem from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Seaport Global Securities began coverage on shares of Balchem in a report on Thursday, February 21st. They issued a “neutral” rating for the company. Finally, Pivotal Research lowered shares of Balchem from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $112.50.

Shares of Balchem stock traded down $0.67 during trading on Wednesday, hitting $97.66. The stock had a trading volume of 5,603 shares, compared to its average volume of 120,332. The firm has a market capitalization of $3.18 billion, a PE ratio of 32.17 and a beta of 1.03. The company has a current ratio of 3.47, a quick ratio of 2.43 and a debt-to-equity ratio of 0.22. Balchem Co. has a 12 month low of $73.16 and a 12 month high of $117.79.

Balchem (NASDAQ:BCPC) last released its earnings results on Friday, May 3rd. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The firm had revenue of $157.00 million during the quarter, compared to analyst estimates of $165.57 million. Balchem had a net margin of 12.20% and a return on equity of 14.11%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. As a group, sell-side analysts predict that Balchem Co. will post 3.09 earnings per share for the current fiscal year.

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Balchem Company 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.

See Also: Capital Gains

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Institutional Ownership by Quarter for Balchem (NASDAQ:BCPC)

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