New York State Common Retirement Fund Sells 57,598 Shares of Balchem Co. (NASDAQ:BCPC)

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New York State Common Retirement Fund lowered its stake in shares of Balchem Co. (NASDAQ:BCPC) by 29.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 140,798 shares of the basic materials company’s stock after selling 57,598 shares during the period. New York State Common Retirement Fund’s holdings in Balchem were worth $20,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cutter & CO Brokerage Inc. lifted its stake in Balchem by 0.4% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 33,152 shares of the basic materials company’s stock valued at $4,809,000 after acquiring an additional 125 shares during the period. B. Metzler seel. Sohn & Co. Holding AG increased its position in shares of Balchem by 5.7% during the 3rd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 17,283 shares of the basic materials company’s stock valued at $2,507,000 after purchasing an additional 931 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Balchem by 78.9% during the 3rd quarter. SG Americas Securities LLC now owns 15,293 shares of the basic materials company’s stock valued at $2,219,000 after purchasing an additional 6,746 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Balchem by 100.0% during the 3rd quarter. Nordea Investment Management AB now owns 110,244 shares of the basic materials company’s stock valued at $16,234,000 after purchasing an additional 55,124 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Balchem during the 3rd quarter valued at about $1,884,000. Institutional investors and hedge funds own 87.40% of the company’s stock.

Balchem stock opened at $170.05 on Thursday. The firm has a 50 day moving average of $162.88 and a 200 day moving average of $146.25. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 59.25 and a beta of 0.55. Balchem Co. has a 12-month low of $106.29 and a 12-month high of $174.29. The company has a current ratio of 2.86, a quick ratio of 2.08 and a debt-to-equity ratio of 0.14.

Balchem (NASDAQ:BCPC) last posted its quarterly earnings results on Thursday, October 28th. The basic materials company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.02. Balchem had a return on equity of 13.46% and a net margin of 12.17%. The business had revenue of $197.87 million during the quarter, compared to the consensus estimate of $204.80 million. During the same period in the prior year, the company posted $0.83 EPS.

The firm also recently declared an annual dividend, which will be paid on Friday, January 21st. Shareholders of record on Tuesday, December 28th will be paid a $0.64 dividend. This represents a yield of 0.4%. This is an increase from Balchem’s previous annual dividend of $0.58. The ex-dividend date is Monday, December 27th. Balchem’s dividend payout ratio is presently 22.30%.

BCPC has been the subject of several research reports. Sidoti lowered shares of Balchem from a “buy” rating to a “neutral” rating and set a $175.00 price target for the company. in a research report on Monday, November 29th. Zacks Investment Research lowered shares of Balchem from a “buy” rating to a “hold” rating in a research report on Tuesday, November 2nd.

Balchem Company Profile

Balchem Corp. provides marketing of specialty performance ingredients and products. It operates through the following segments: Human Nutrition and Health, Animal Nutrition and Health, Specialty Products and Industrial Products. The Human Nutrition and Health segment supplies ingredients in the food and beverage industry, providing customized solutions in powder, solid and liquid flavor delivery systems, spray dried emulsified powder systems, and cereal systems.

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