Eagle Asset Management Inc. raised its holdings in Balchem Corporation (NASDAQ:BCPC) by 32.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,699 shares of the basic materials company’s stock after purchasing an additional 49,060 shares during the quarter. Eagle Asset Management Inc. owned 0.63% of Balchem worth $16,615,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. American International Group Inc. boosted its holdings in shares of Balchem by 5.8% in the 3rd quarter. American International Group Inc. now owns 25,126 shares of the basic materials company’s stock valued at $2,042,000 after purchasing an additional 1,374 shares in the last quarter. Cortina Asset Management LLC boosted its holdings in shares of Balchem by 38.4% in the 3rd quarter. Cortina Asset Management LLC now owns 213,154 shares of the basic materials company’s stock valued at $17,327,000 after purchasing an additional 59,105 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Balchem by 9.2% in the 3rd quarter. Macquarie Group Ltd. now owns 384,279 shares of the basic materials company’s stock valued at $31,238,000 after purchasing an additional 32,380 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Balchem by 5.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 214,859 shares of the basic materials company’s stock valued at $17,466,000 after purchasing an additional 10,501 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Balchem in the 3rd quarter valued at $1,263,000. 87.11% of the stock is currently owned by hedge funds and other institutional investors.

Balchem Corporation (BCPC) opened at $86.82 on Friday. Balchem Corporation has a 12 month low of $71.95 and a 12 month high of $89.50. The company has a market capitalization of $2,793.01, a price-to-earnings ratio of 34.49 and a beta of 1.10. The company has a quick ratio of 1.49, a current ratio of 2.16 and a debt-to-equity ratio of 0.35.

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

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Balchem 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.

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Institutional Ownership by Quarter for Balchem (NASDAQ:BCPC)

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