California State Teachers Retirement System Sells 5,828 Shares of Balchem Corporation (BCPC)

California State Teachers Retirement System lowered its holdings in shares of Balchem Corporation (NASDAQ:BCPC) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,170 shares of the basic materials company’s stock after selling 5,828 shares during the period. California State Teachers Retirement System owned 0.18% of Balchem Corporation worth $4,365,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Balchem Corporation by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,885,217 shares of the basic materials company’s stock worth $224,210,000 after purchasing an additional 40,016 shares during the period. State Street Corp boosted its stake in Balchem Corporation by 5.2% during the 2nd quarter. State Street Corp now owns 780,131 shares of the basic materials company’s stock worth $60,619,000 after purchasing an additional 38,522 shares during the period. Dimensional Fund Advisors LP boosted its stake in Balchem Corporation by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 723,504 shares of the basic materials company’s stock worth $56,223,000 after purchasing an additional 8,869 shares during the period. Northern Trust Corp boosted its stake in Balchem Corporation by 3.1% during the 2nd quarter. Northern Trust Corp now owns 462,786 shares of the basic materials company’s stock worth $35,962,000 after purchasing an additional 13,736 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Balchem Corporation by 47.1% during the 2nd quarter. Macquarie Group Ltd. now owns 351,899 shares of the basic materials company’s stock worth $27,346,000 after purchasing an additional 112,703 shares during the period. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Separately, BidaskClub cut shares of Balchem Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

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

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Balchem Corporation 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.

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

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