Wells Fargo & Company MN decreased its holdings in shares of Balchem Corporation (NASDAQ:BCPC) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,366 shares of the basic materials company’s stock after selling 22,058 shares during the quarter. Wells Fargo & Company MN owned about 0.34% of Balchem Corporation worth $8,499,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Analysts LLC acquired a new stake in shares of Balchem Corporation during the 2nd quarter worth approximately $197,000. Schroder Investment Management Group grew its position in shares of Balchem Corporation by 2.7% during the 2nd quarter. Schroder Investment Management Group now owns 88,691 shares of the basic materials company’s stock worth $6,871,000 after buying an additional 2,298 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Balchem Corporation by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,500 shares of the basic materials company’s stock worth $583,000 after buying an additional 290 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Balchem Corporation by 3.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,991 shares of the basic materials company’s stock worth $3,570,000 after buying an additional 1,678 shares during the period. Finally, Turner Investments LLC grew its position in shares of Balchem Corporation by 25.0% during the 2nd quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock worth $194,000 after buying an additional 500 shares during the period. Institutional investors own 84.22% of the company’s stock.

Shares of Balchem Corporation (BCPC) opened at 81.84 on Friday. The stock’s 50 day moving average is $77.42 and its 200 day moving average is $78.63. The firm has a market cap of $2.62 billion, a PE ratio of 42.40 and a beta of 1.12. Balchem Corporation has a 12 month low of $67.71 and a 12 month high of $89.50.

Balchem Corporation (NASDAQ:BCPC) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $147.08 million during the quarter. Balchem Corporation had a net margin of 10.99% and a return on equity of 14.99%. Analysts forecast that Balchem Corporation will post $2.47 EPS for the current fiscal year.

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Separately, BidaskClub cut shares of Balchem Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st.

Balchem Corporation 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 Corporation (NASDAQ:BCPC)

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