Balchem Corporation (NASDAQ:BCPC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in shares of Balchem Corporation (NASDAQ:BCPC) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 755 shares of the basic materials company’s stock after selling 245 shares during the quarter. Farther Finance Advisors LLC’s holdings in Balchem were worth $126,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Covestor Ltd increased its position in shares of Balchem by 93.8% during the fourth quarter. Covestor Ltd now owns 157 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 76 shares during the period. Federated Hermes Inc. purchased a new position in shares of Balchem in the 4th quarter valued at approximately $33,000. Versant Capital Management Inc boosted its holdings in shares of Balchem by 534.2% in the first quarter. Versant Capital Management Inc now owns 241 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 203 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Balchem in the fourth quarter valued at approximately $95,000. Finally, Smartleaf Asset Management LLC grew its position in Balchem by 230.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 645 shares of the basic materials company’s stock worth $106,000 after buying an additional 450 shares during the period. 87.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on BCPC. HC Wainwright set a $180.00 price target on shares of Balchem and gave the company a “buy” rating in a research report on Monday, April 28th. Wall Street Zen downgraded Balchem from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Sidoti raised Balchem to a “hold” rating in a research report on Tuesday, February 25th.

Balchem Price Performance

Shares of NASDAQ:BCPC opened at $156.01 on Friday. The company has a market cap of $5.09 billion, a PE ratio of 37.41, a P/E/G ratio of 3.45 and a beta of 0.91. Balchem Corporation has a fifty-two week low of $145.70 and a fifty-two week high of $186.03. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $163.09 and a 200 day simple moving average of $164.17.

Balchem (NASDAQ:BCPC) last announced its earnings results on Thursday, April 24th. The basic materials company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.03). The business had revenue of $250.52 million for the quarter, compared to the consensus estimate of $245.70 million. Balchem had a net margin of 14.16% and a return on equity of 12.01%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. On average, sell-side analysts anticipate that Balchem Corporation will post 4.64 EPS for the current year.

Balchem Profile

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets worldwide. It operates through three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products.