The Manufacturers Life Insurance Company increased its position in Balchem Corporation (NASDAQ:BCPC) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 62,343 shares of the basic materials company’s stock after acquiring an additional 2,024 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.20% of Balchem Corporation worth $4,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Balchem Corporation by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,217 shares of the basic materials company’s stock worth $224,210,000 after acquiring an additional 40,016 shares during the last quarter. State Street Corp increased its holdings in Balchem Corporation by 5.2% in the 2nd quarter. State Street Corp now owns 780,131 shares of the basic materials company’s stock worth $60,619,000 after acquiring an additional 38,522 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Balchem Corporation by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 723,504 shares of the basic materials company’s stock worth $56,223,000 after acquiring an additional 8,869 shares during the last quarter. Northern Trust Corp increased its holdings in Balchem Corporation by 3.1% in the 2nd quarter. Northern Trust Corp now owns 462,786 shares of the basic materials company’s stock worth $35,962,000 after acquiring an additional 13,736 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Balchem Corporation by 47.1% in the 2nd quarter. Macquarie Group Ltd. now owns 351,899 shares of the basic materials company’s stock worth $27,346,000 after acquiring an additional 112,703 shares during the last quarter. 84.86% of the stock is owned by institutional investors.

Separately, BidaskClub downgraded Balchem Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

Balchem Corporation (NASDAQ BCPC) opened at 82.02 on Tuesday. The firm has a 50-day moving average price of $80.99 and a 200 day moving average price of $78.92. The company has a market cap of $2.62 billion, a P/E ratio of 42.50 and a beta of 1.11. Balchem Corporation has a 52 week low of $67.71 and a 52 week high of $89.50.

Balchem Corporation (NASDAQ:BCPC) last issued its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $147.08 million during the quarter. Balchem Corporation had a return on equity of 14.99% and a net margin of 10.99%. Analysts expect that Balchem Corporation will post $2.47 EPS for the current fiscal year.

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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.

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

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