Capital Investment Services of America Inc. Cuts Stake in Balchem Co. (BCPC)

Capital Investment Services of America Inc. lowered its position in shares of Balchem Co. (NASDAQ:BCPC) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,589 shares of the basic materials company’s stock after selling 670 shares during the period. Capital Investment Services of America Inc. owned about 0.40% of Balchem worth $10,203,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BCPC. Sei Investments Co. increased its stake in shares of Balchem by 117.9% during the second quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock valued at $191,000 after buying an additional 1,334 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Balchem by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 144,755 shares of the basic materials company’s stock valued at $11,249,000 after buying an additional 8,826 shares during the period. Legal & General Group Plc increased its stake in shares of Balchem by 9.3% during the second quarter. Legal & General Group Plc now owns 60,922 shares of the basic materials company’s stock valued at $4,735,000 after buying an additional 5,171 shares during the period. Victory Capital Management Inc. increased its stake in shares of Balchem by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,130 shares of the basic materials company’s stock valued at $166,000 after buying an additional 319 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Balchem during the second quarter valued at $281,000. Hedge funds and other institutional investors own 87.25% of the company’s stock.

Shares of Balchem Co. (NASDAQ BCPC) traded up $0.93 during trading on Tuesday, hitting $81.38. The stock had a trading volume of 118,400 shares, compared to its average volume of 102,880. Balchem Co. has a 1 year low of $71.95 and a 1 year high of $89.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.16. The stock has a market capitalization of $2,574.74, a price-to-earnings ratio of 40.89 and a beta of 1.10.

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

The business also recently announced an annual dividend, which will be paid on Friday, January 19th. Shareholders of record on Wednesday, December 27th will be paid a $0.42 dividend. This represents a yield of 0.5%. The ex-dividend date is Tuesday, December 26th. This is a positive change from Balchem’s previous annual dividend of $0.38. Balchem’s payout ratio is 21.11%.

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

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Balchem Company 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 (NASDAQ:BCPC)

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