Swiss National Bank Increases Position in Balchem Co. (NASDAQ:BCPC)

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Swiss National Bank lifted its holdings in Balchem Co. (NASDAQ:BCPC) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the basic materials company’s stock after purchasing an additional 1,200 shares during the period. Swiss National Bank owned about 0.19% of Balchem worth $5,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. First National Bank of Omaha increased its stake in shares of Balchem by 0.7% in the 1st quarter. First National Bank of Omaha now owns 17,272 shares of the basic materials company’s stock valued at $1,603,000 after purchasing an additional 124 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Balchem by 0.3% in the 1st quarter. Arizona State Retirement System now owns 49,787 shares of the basic materials company’s stock valued at $4,620,000 after purchasing an additional 125 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Balchem by 1.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,007 shares of the basic materials company’s stock valued at $1,100,000 after purchasing an additional 143 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Balchem by 3.2% in the 2nd quarter. First Trust Advisors LP now owns 5,088 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 156 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Balchem by 1.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,650 shares of the basic materials company’s stock valued at $965,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Several research firms recently issued reports on BCPC. Zacks Investment Research cut Balchem from a “hold” rating to a “sell” rating in a report on Monday, August 5th. BidaskClub cut Balchem from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Pivotal Research cut Balchem from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Monday, May 6th. Finally, HC Wainwright reiterated a “buy” rating and issued a $95.00 price objective (down from $110.00) on shares of Balchem in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $108.75.

In related news, VP Scott C. Mason bought 3,000 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $84.74 per share, for a total transaction of $254,220.00. Following the acquisition, the vice president now directly owns 12,524 shares in the company, valued at approximately $1,061,283.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.28% of the company’s stock.

BCPC stock opened at $86.50 on Wednesday. The company has a current ratio of 3.73, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. Balchem Co. has a 12-month low of $73.16 and a 12-month high of $117.79. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 28.74 and a beta of 1.12. The business’s 50-day moving average is $93.15 and its 200 day moving average is $94.29.

Balchem (NASDAQ:BCPC) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.08. The business had revenue of $161.60 million for the quarter, compared to analysts’ expectations of $163.14 million. Balchem had a return on equity of 13.87% and a net margin of 12.27%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, equities analysts forecast that Balchem Co. will post 2.96 EPS for the current fiscal year.

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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