American Research & Management Co. Raises Stock Holdings in Balchem Co. (NASDAQ:BCPC)

American Research & Management Co. boosted its holdings in Balchem Co. (NASDAQ:BCPC) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,025 shares of the basic materials company’s stock after purchasing an additional 325 shares during the period. American Research & Management Co.’s holdings in Balchem were worth $756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BCPC. CI Investments Inc. grew its holdings in Balchem by 444.0% during the fourth quarter. CI Investments Inc. now owns 272 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 222 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Balchem in the third quarter worth about $56,000. Veriti Management LLC bought a new stake in shares of Balchem in the fourth quarter valued at approximately $120,000. 6 Meridian purchased a new stake in shares of Balchem during the 4th quarter valued at approximately $205,000. Finally, Bailard Inc. purchased a new position in Balchem in the 4th quarter valued at approximately $217,000. Institutional investors own 85.01% of the company’s stock.

Shares of BCPC traded down $0.67 during midday trading on Thursday, reaching $120.20. The stock had a trading volume of 1,597 shares, compared to its average volume of 127,352. The company has a current ratio of 3.95, a quick ratio of 2.82 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 47.33 and a beta of 0.54. The company’s 50-day moving average is $124.20 and its 200 day moving average is $112.84. Balchem Co. has a 12-month low of $79.75 and a 12-month high of $132.50.

Balchem (NASDAQ:BCPC) last released its earnings results on Thursday, February 18th. The basic materials company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The company had revenue of $180.70 million for the quarter, compared to analyst estimates of $175.33 million. Balchem had a net margin of 12.02% and a return on equity of 14.01%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Research analysts forecast that Balchem Co. will post 2.88 EPS for the current fiscal year.

BCPC has been the topic of several recent research reports. Stephens upgraded Balchem from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $140.00 in a research report on Monday, March 1st. HC Wainwright increased their price objective on Balchem from $126.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, March 1st. Finally, Zacks Investment Research upgraded Balchem from a “strong sell” rating to a “strong-buy” rating and set a $144.00 price target on the stock in a research report on Friday, April 2nd.

Balchem Profile

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets in the United States and internationally. It operates through three segments: Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products.

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Institutional Ownership by Quarter for Balchem (NASDAQ:BCPC)

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