Balchem Corporation (BCPC) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in Balchem Corporation (NASDAQ:BCPC) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,460 shares of the basic materials company’s stock after buying an additional 2,538 shares during the period. Legal & General Group Plc owned approximately 0.20% of Balchem worth $5,159,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in Balchem by 1.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,198 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 54 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Balchem by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,133 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 118 shares during the last quarter. Martin & Co. Inc. TN boosted its stake in Balchem by 1.0% during the 2nd quarter. Martin & Co. Inc. TN now owns 12,195 shares of the basic materials company’s stock valued at $948,000 after purchasing an additional 125 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Balchem by 3.2% during the 2nd quarter. Suntrust Banks Inc. now owns 5,223 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 161 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Balchem by 5.2% during the 2nd quarter. Amalgamated Bank now owns 4,381 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 217 shares during the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub downgraded Balchem from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.

Balchem Corporation (BCPC) opened at $83.87 on Monday. The stock has a market capitalization of $2,684.18, a PE ratio of 33.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.16. Balchem Corporation has a 12 month low of $71.95 and a 12 month high of $89.50.

Balchem (NASDAQ:BCPC) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $150.72 million during the quarter. Balchem had a return on equity of 14.68% and a net margin of 11.11%.

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About Balchem

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 (NASDAQ:BCPC)

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