BlackRock Inc. reduced its position in shares of Balchem Corporation (NASDAQ:BCPC) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,742,111 shares of the basic materials company’s stock after selling 11,234 shares during the quarter. BlackRock Inc. owned about 11.74% of Balchem Corporation worth $290,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors increased its position in shares of Balchem Corporation by 1.4% during the 2nd quarter. Nationwide Fund Advisors now owns 263,297 shares of the basic materials company’s stock valued at $20,461,000 after purchasing an additional 3,522 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Balchem Corporation by 1.1% in the second quarter. TIAA CREF Investment Management LLC now owns 85,839 shares of the basic materials company’s stock valued at $6,671,000 after buying an additional 940 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Balchem Corporation by 5.4% in the second quarter. Teachers Advisors LLC now owns 57,671 shares of the basic materials company’s stock valued at $4,482,000 after buying an additional 2,970 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Balchem Corporation by 94.9% in the second quarter. Riverhead Capital Management LLC now owns 1,364 shares of the basic materials company’s stock valued at $106,000 after buying an additional 664 shares during the period. Finally, Schroder Investment Management Group lifted 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 buying an additional 2,298 shares during the period. 84.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Balchem Corporation (NASDAQ BCPC) opened at 82.79 on Tuesday. Balchem Corporation has a one year low of $67.71 and a one year high of $89.50. The firm has a market capitalization of $2.65 billion, a P/E ratio of 42.90 and a beta of 1.11. The firm has a 50-day moving average of $76.56 and a 200-day moving average of $78.62.

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

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

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About Balchem Corporation

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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