State Board of Administration of Florida Retirement System held its stake in Balchem Corporation (NASDAQ:BCPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,878 shares of the basic materials company’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of Balchem Corporation worth $1,622,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Balchem Corporation by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 17,300 shares of the basic materials company’s stock worth $1,344,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of 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 purchasing an additional 263 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of 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 purchasing an additional 290 shares during the period. Turner Investments LLC lifted its stake in shares of Balchem Corporation by 25.0% in the 2nd quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 500 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Balchem Corporation by 117.9% in the 2nd quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 1,334 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

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

ILLEGAL ACTIVITY NOTICE: “State Board of Administration of Florida Retirement System Continues to Hold Holdings in Balchem Corporation (BCPC)” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/15/state-board-of-administration-of-florida-retirement-system-continues-to-hold-holdings-in-balchem-corporation-bcpc.html.

Balchem Corporation (NASDAQ:BCPC) opened at 76.49 on Friday. Balchem Corporation has a 1-year low of $65.37 and a 1-year high of $89.50. The stock has a market cap of $2.44 billion, a PE ratio of 39.63 and a beta of 1.10. The stock has a 50 day moving average price of $75.29 and a 200-day moving average price of $79.21.

Balchem Corporation (NASDAQ:BCPC) last released its 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. Balchem Corporation had a return on equity of 14.99% and a net margin of 10.99%. The firm had revenue of $147.08 million for the quarter. On average, equities analysts expect that Balchem Corporation will post $2.47 EPS for the current year.

Balchem Corporation Company 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.

Want to see what other hedge funds are holding BCPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Balchem Corporation (NASDAQ:BCPC).

Institutional Ownership by Quarter for Balchem Corporation (NASDAQ:BCPC)

Receive News & Ratings for Balchem Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Balchem Corporation and related companies with MarketBeat.com's FREE daily email newsletter.