California Public Employees Retirement System increased its holdings in shares of Balchem Co. (NASDAQ:BCPC) by 5.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,600 shares of the basic materials company’s stock after acquiring an additional 4,300 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Balchem worth $6,389,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Riverhead Capital Management LLC increased 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 worth $106,000 after acquiring an additional 664 shares during the last quarter. Victory Capital Management Inc. increased 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 worth $166,000 after acquiring an additional 319 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased 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 worth $179,000 after acquiring an additional 1,352 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Balchem 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. Finally, Zions Bancorporation acquired a new position in shares of Balchem during the 3rd quarter worth approximately $196,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Balchem Co. (NASDAQ:BCPC) opened at $80.36 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.16 and a debt-to-equity ratio of 0.35. Balchem Co. has a 1-year low of $71.95 and a 1-year high of $89.50. The company has a market capitalization of $2,580.00, a price-to-earnings ratio of 40.38 and a beta of 1.10.

Balchem (NASDAQ:BCPC) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Balchem had a return on equity of 14.68% and a net margin of 11.11%. The firm had revenue of $150.72 million for the quarter.

The company also recently disclosed an annual dividend, which will be paid on Friday, January 19th. Shareholders of record on Wednesday, December 27th will be issued a $0.42 dividend. This represents a yield of 0.5%. This is a positive change from Balchem’s previous annual dividend of $0.38. The ex-dividend date is Tuesday, December 26th. Balchem’s dividend payout ratio is currently 21.11%.

Separately, BidaskClub lowered Balchem from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd.

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About Balchem

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 (NASDAQ:BCPC)

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