BidaskClub upgraded shares of Balchem (NASDAQ:BCPC) from a sell rating to a hold rating in a research note published on Thursday.

Shares of BCPC stock opened at $82.07 on Thursday. The company has a market cap of $2,629.19, a PE ratio of 29.42 and a beta of 1.05. Balchem has a 12 month low of $70.23 and a 12 month high of $88.47. The company has a quick ratio of 1.28, a current ratio of 1.84 and a debt-to-equity ratio of 0.31.

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Balchem (NASDAQ:BCPC) last issued its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. The firm had revenue of $159.26 million for the quarter. Balchem had a net margin of 15.14% and a return on equity of 14.16%.

A number of hedge funds and other institutional investors have recently modified their holdings of BCPC. Nationwide Fund Advisors grew its stake in Balchem by 2.4% in the 3rd quarter. Nationwide Fund Advisors now owns 269,681 shares of the basic materials company’s stock valued at $21,922,000 after acquiring an additional 6,384 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Balchem in the 3rd quarter valued at about $643,000. Victory Capital Management Inc. grew its stake in Balchem by 50.0% in the 3rd quarter. Victory Capital Management Inc. now owns 3,196 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 1,066 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Balchem by 65.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,772 shares of the basic materials company’s stock valued at $1,363,000 after acquiring an additional 6,640 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Balchem by 6,294.8% in the 3rd quarter. Sei Investments Co. now owns 157,633 shares of the basic materials company’s stock valued at $1,922,000 after acquiring an additional 155,168 shares during the last quarter. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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