Balchem Co. (NASDAQ:BCPC) shares reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $89.32 and last traded at $88.95, with a volume of 34912 shares. The stock had previously closed at $88.00.
Separately, BidaskClub raised shares of Balchem from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th.
The firm has a market capitalization of $2,873.35, a P/E ratio of 35.31 and a beta of 0.94. The company has a current ratio of 1.84, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31.
Balchem (NASDAQ:BCPC) last released its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Balchem had a net margin of 15.14% and a return on equity of 14.16%. The company had revenue of $159.26 million during the quarter.
A number of large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in Balchem by 6.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the basic materials company’s stock valued at $1,112,000 after purchasing an additional 800 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in Balchem by 23.0% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,340 shares of the basic materials company’s stock valued at $350,000 after purchasing an additional 812 shares during the period. Profund Advisors LLC boosted its holdings in Balchem by 21.9% in the 4th quarter. Profund Advisors LLC now owns 4,829 shares of the basic materials company’s stock valued at $389,000 after purchasing an additional 869 shares during the period. Aperio Group LLC boosted its holdings in Balchem by 10.3% in the 4th quarter. Aperio Group LLC now owns 10,482 shares of the basic materials company’s stock valued at $845,000 after purchasing an additional 975 shares during the period. Finally, Raymond James & Associates boosted its holdings in Balchem by 2.6% in the 4th quarter. Raymond James & Associates now owns 39,902 shares of the basic materials company’s stock valued at $3,216,000 after purchasing an additional 1,028 shares during the period. 88.99% of the stock is owned by hedge funds and other institutional investors.
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Balchem Company Profile
Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.
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