LLBH Private Wealth Management LLC purchased a new position in Balchem Corporation (NASDAQ:BCPC) during the second quarter, Holdings Channel reports. The fund purchased 3,528 shares of the basic materials company’s stock, valued at approximately $274,000.

A number of other institutional investors have also recently made changes to their positions in BCPC. Schwab Charles Investment Management Inc. boosted its position in shares of Balchem Corporation by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 144,755 shares of the basic materials company’s stock worth $11,249,000 after buying an additional 8,826 shares during the last quarter. Sei Investments Co. boosted its position in shares of Balchem Corporation by 117.9% in the second quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock worth $191,000 after buying an additional 1,334 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Balchem Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 23,266 shares of the basic materials company’s stock worth $1,808,000 after buying an additional 263 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Balchem Corporation by 0.6% in the second quarter. Bessemer Group Inc. now owns 17,300 shares of the basic materials company’s stock worth $1,344,000 after buying an additional 100 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Balchem Corporation during the second quarter worth about $233,000. Institutional investors own 84.14% of the company’s stock.

Balchem Corporation (NASDAQ:BCPC) opened at 75.81 on Tuesday. The company has a market cap of $2.42 billion, a PE ratio of 39.28 and a beta of 1.10. Balchem Corporation has a 52 week low of $65.37 and a 52 week high of $89.50. The company has a 50-day moving average of $77.27 and a 200-day moving average of $80.71.

Balchem Corporation (NASDAQ:BCPC) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Balchem Corporation had a return on equity of 14.99% and a net margin of 10.99%. The company had revenue of $147.08 million for the quarter. On average, equities analysts expect that Balchem Corporation will post $2.48 EPS for the current year.

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

In other Balchem Corporation news, Director Edward Mcmillan sold 2,557 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $81.09, for a total value of $207,347.13. Following the completion of the sale, the director now owns 25,739 shares of the company’s stock, valued at $2,087,175.51. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.59% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Balchem Corporation (NASDAQ:BCPC)

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