Ameriprise Financial Inc. increased its stake in Balchem Corporation (NASDAQ:BCPC) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,358 shares of the basic materials company’s stock after acquiring an additional 247 shares during the period. Ameriprise Financial Inc. owned about 0.64% of Balchem Corporation worth $15,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its stake in shares of Balchem Corporation by 94.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,364 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 664 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Balchem Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,130 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 319 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Balchem Corporation by 117.9% in the 2nd quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 1,334 shares during the last quarter. Turner Investments LLC lifted its stake in shares of Balchem Corporation by 25.0% in the 2nd quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock valued at $194,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital Analysts LLC bought a new stake in shares of Balchem Corporation in the 2nd quarter valued at about $197,000. 84.22% of the stock is owned by institutional investors.

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

Balchem Corporation (NASDAQ:BCPC) opened at 81.80 on Thursday. The company’s 50-day moving average price is $76.96 and its 200-day moving average price is $78.63. Balchem Corporation has a one year low of $67.71 and a one year high of $89.50. The stock has a market cap of $2.61 billion, a P/E ratio of 42.38 and a beta of 1.12.

Balchem Corporation (NASDAQ:BCPC) last announced its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The firm 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.

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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