GW&K Investment Management LLC lowered its stake in Balchem Co. (NASDAQ:BCPC) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 385,297 shares of the basic materials company’s stock after selling 25,889 shares during the quarter. GW&K Investment Management LLC owned approximately 1.20% of Balchem worth $31,055,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC raised its holdings in shares of Balchem by 94.9% during the 2nd 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Balchem by 17.6% during 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Balchem by 158.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,206 shares of the basic materials company’s stock valued at $179,000 after buying an additional 1,352 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Balchem during the 3rd quarter valued at about $196,000. Finally, Oliver Luxxe Assets LLC purchased a new position in shares of Balchem during the 3rd quarter valued at about $205,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.
Shares of Balchem Co. (BCPC) traded up $0.69 during trading on Friday, reaching $71.53. The company’s stock had a trading volume of 179,253 shares, compared to its average volume of 105,398. The company has a quick ratio of 1.49, a current ratio of 2.16 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2,289.25, a PE ratio of 35.94 and a beta of 1.04. Balchem Co. has a 1-year low of $70.23 and a 1-year high of $89.50.
The business also recently declared an annual dividend, which was paid on Friday, January 19th. Shareholders of record on Wednesday, December 27th were paid a $0.42 dividend. This is a boost from Balchem’s previous annual dividend of $0.38. This represents a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 26th. Balchem’s payout ratio is 21.11%.
Separately, BidaskClub cut Balchem from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
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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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