AlphaQuest LLC increased its position in shares of Balchem Co. (NASDAQ:BCPC - Free Report) by 331.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,955 shares of the basic materials company's stock after purchasing an additional 6,112 shares during the quarter. AlphaQuest LLC's holdings in Balchem were worth $1,297,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in BCPC. Westside Investment Management Inc. purchased a new position in shares of Balchem in the 3rd quarter worth approximately $27,000. R Squared Ltd purchased a new position in Balchem in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Balchem during the 3rd quarter valued at $35,000. Venturi Wealth Management LLC purchased a new stake in shares of Balchem during the 4th quarter valued at $95,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Balchem by 230.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 645 shares of the basic materials company's stock worth $106,000 after purchasing an additional 450 shares during the period. 87.91% of the stock is owned by institutional investors.
Balchem Stock Performance
BCPC traded down $0.98 during trading hours on Thursday, hitting $166.50. The stock had a trading volume of 91,582 shares, compared to its average volume of 139,483. Balchem Co. has a 1 year low of $137.69 and a 1 year high of $186.03. The company's fifty day simple moving average is $163.51 and its 200 day simple moving average is $169.82. The stock has a market cap of $5.42 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 4.41 and a beta of 0.63. The company has a quick ratio of 1.16, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.
Balchem (NASDAQ:BCPC - Get Free Report) last posted its earnings results on Friday, February 21st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.08). Balchem had a return on equity of 11.37% and a net margin of 13.47%. The company had revenue of $240.00 million for the quarter, compared to analysts' expectations of $239.96 million. Equities analysts anticipate that Balchem Co. will post 4.64 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Sidoti upgraded shares of Balchem to a "hold" rating in a research report on Tuesday, February 25th. HC Wainwright reissued a "buy" rating and set a $190.00 target price on shares of Balchem in a research report on Monday, February 24th. Finally, StockNews.com cut shares of Balchem from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
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Balchem Profile
(
Free Report)
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 worldwide. It operates through three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products.
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