Balchem Corporation (BCPC) Holdings Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Balchem Corporation (NASDAQ:BCPC) by 49.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,758 shares of the basic materials company’s stock after selling 20,600 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of Balchem Corporation worth $1,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in Balchem Corporation by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 17,300 shares of the basic materials company’s stock valued at $1,344,000 after buying an additional 100 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Balchem Corporation by 2.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,133 shares of the basic materials company’s stock valued at $400,000 after buying an additional 118 shares during the period. Texas Permanent School Fund increased its holdings in Balchem Corporation by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 23,266 shares of the basic materials company’s stock valued at $1,808,000 after buying an additional 263 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Balchem Corporation by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,500 shares of the basic materials company’s stock valued at $583,000 after buying an additional 290 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in 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 buying an additional 319 shares during the period. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Balchem Corporation (NASDAQ:BCPC) opened at 82.29 on Tuesday. The company’s 50 day moving average is $78.71 and its 200 day moving average is $78.60. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 42.64 and a beta of 1.11. Balchem Corporation has a one year low of $67.71 and a one year high of $89.50.

Balchem Corporation (NASDAQ:BCPC) last announced its earnings results on Friday, August 4th. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $147.08 million for the quarter. Balchem Corporation had a net margin of 10.99% and a return on equity of 14.99%. Equities research analysts predict that Balchem Corporation will post $2.47 earnings per share for the

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in Balchem Corporation by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 17,300 shares of the basic materials company’s stock valued at $1,344,000 after buying an additional 100 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Balchem Corporation by 2.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,133 shares of the basic materials company’s stock valued at $400,000 after buying an additional 118 shares during the period. Texas Permanent School Fund increased its holdings in Balchem Corporation by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 23,266 shares of the basic materials company’s stock valued at $1,808,000 after buying an additional 263 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Balchem Corporation by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,500 shares of the basic materials company’s stock valued at $583,000 after buying an additional 290 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in 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 buying an additional 319 shares during the period. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Balchem Corporation (NASDAQ:BCPC) opened at 82.29 on Tuesday. The company’s 50 day moving average is $78.71 and its 200 day moving average is $78.60. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 42.64 and a beta of 1.11. Balchem Corporation has a one year low of $67.71 and a one year high of $89.50.

Balchem Corporation (NASDAQ:BCPC) last announced its earnings results on Friday, August 4th. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $147.08 million for the quarter. Balchem Corporation had a net margin of 10.99% and a return on equity of 14.99%. Equities research analysts predict 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 report on Wednesday, June 21st.

Balchem Corporation 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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