Keybank National Association OH cut its position in Balchem Corporation (NASDAQ:BCPC) by 27.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,488 shares of the basic materials company’s stock after selling 1,675 shares during the period. Keybank National Association OH’s holdings in Balchem Corporation were worth $365,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Analysts LLC acquired a new position in shares of Balchem Corporation in the second quarter valued at about $197,000. Macquarie Group Ltd. increased its holdings in shares of Balchem Corporation by 47.1% in the second quarter. Macquarie Group Ltd. now owns 351,899 shares of the basic materials company’s stock valued at $27,346,000 after purchasing an additional 112,703 shares during the period. Schroder Investment Management Group increased its holdings in shares of Balchem Corporation by 2.7% in the second quarter. Schroder Investment Management Group now owns 88,691 shares of the basic materials company’s stock valued at $6,871,000 after purchasing an additional 2,298 shares during the period. Citigroup Inc. increased its holdings in shares of Balchem Corporation by 45.6% in the second quarter. Citigroup Inc. now owns 13,959 shares of the basic materials company’s stock valued at $1,084,000 after purchasing an additional 4,371 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Balchem Corporation by 4.1% in the second quarter. California Public Employees Retirement System now owns 74,300 shares of the basic materials company’s stock valued at $5,774,000 after purchasing an additional 2,900 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub lowered Balchem Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.

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Balchem Corporation (BCPC) opened at $83.46 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.16 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2,663.71, a PE ratio of 32.90 and a beta of 1.09. Balchem Corporation has a 1-year low of $71.95 and a 1-year high of $89.50.

Balchem Corporation (NASDAQ:BCPC) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $150.72 million for the quarter. Balchem Corporation had a return on equity of 14.68% and a net margin of 11.11%.

Balchem Corporation 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 Corporation (NASDAQ:BCPC)

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