Commonwealth Equity Services LLC Boosts Stake in Balchem Co. (NASDAQ:BCPC)

Commonwealth Equity Services LLC lifted its holdings in shares of Balchem Co. (NASDAQ:BCPC – Get Rating) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,964 shares of the basic materials company’s stock after acquiring an additional 653 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Balchem were worth $1,819,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Macquarie Group Ltd. increased its holdings in Balchem by 0.9% during the 3rd quarter. Macquarie Group Ltd. now owns 205,714 shares of the basic materials company’s stock worth $25,026,000 after purchasing an additional 1,911 shares during the last quarter. Zacks Investment Management boosted its stake in Balchem by 45.4% during the 3rd quarter. Zacks Investment Management now owns 13,364 shares of the basic materials company’s stock valued at $1,625,000 after purchasing an additional 4,171 shares during the period. Heritage Wealth Management LLC raised its stake in Balchem by 21.6% during the 3rd quarter. Heritage Wealth Management LLC now owns 2,033 shares of the basic materials company’s stock valued at $247,000 after acquiring an additional 361 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Balchem by 101.9% during the 3rd quarter. Guggenheim Capital LLC now owns 13,403 shares of the basic materials company’s stock worth $1,630,000 after buying an additional 6,763 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Balchem by 67.8% during the 3rd quarter. Lazard Asset Management LLC now owns 17,465 shares of the basic materials company’s stock valued at $2,123,000 after purchasing an additional 7,054 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright dropped their price target on Balchem from $152.00 to $140.00 in a report on Monday, February 27th.

Balchem Trading Down 0.5 %

Shares of BCPC opened at $124.20 on Tuesday. The business’s 50-day moving average price is $130.60 and its 200 day moving average price is $130.74. The company has a current ratio of 2.40, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. Balchem Co. has a 1-year low of $110.15 and a 1-year high of $143.88. The stock has a market capitalization of $4.00 billion, a P/E ratio of 38.22 and a beta of 0.69.

Balchem Profile

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Balchem Corp. provides marketing of specialty performance ingredients and products. It operates through the following segments: Human Nutrition and Health, Animal Nutrition and Health, Specialty Products and Industrial Products. The Human Nutrition and Health segment supplies ingredients in the food and beverage industry, providing customized solutions in powder, solid and liquid flavor delivery systems, spray dried emulsified powder systems, and cereal systems.