Salem Investment Counselors Inc. Has $10,579,000 Position in Balchem Corporation (BCPC)
Salem Investment Counselors Inc. continued to hold its position in Balchem Corporation (NASDAQ:BCPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,134 shares of the basic materials company’s stock at the end of the second quarter. Balchem Corporation comprises about 1.2% of Salem Investment Counselors Inc.’s portfolio, making the stock its 24th largest position. Salem Investment Counselors Inc. owned 0.43% of Balchem Corporation worth $10,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its position in Balchem Corporation by 94.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,364 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 664 shares during the last quarter. Victory Capital Management Inc. lifted its position in Balchem Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,130 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 319 shares during the last quarter. Sei Investments Co. lifted its position in Balchem Corporation by 117.9% during the 2nd quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 1,334 shares during the last quarter. Turner Investments LLC lifted its position in Balchem Corporation by 25.0% during the 2nd quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital Analysts LLC acquired a new position in Balchem Corporation during the 2nd quarter worth $197,000. 84.22% of the stock is owned by hedge funds and other institutional investors.
Balchem Corporation (NASDAQ BCPC) traded down 0.76% on Friday, hitting $81.29. 123,306 shares of the stock traded hands. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 42.12 and a beta of 1.10. Balchem Corporation has a 52 week low of $67.71 and a 52 week high of $89.50. The firm’s 50 day moving average is $75.28 and its 200 day moving average is $78.88.
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 analysts’ consensus estimates 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%. Equities analysts anticipate that Balchem Corporation will post $2.47 earnings per share for the current year.
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Separately, BidaskClub lowered shares of Balchem Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st.
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.
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