Neuberger Berman Group LLC Trims Holdings in Balchem Corporation (BCPC)

Neuberger Berman Group LLC trimmed its stake in Balchem Corporation (NASDAQ:BCPC) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,675,723 shares of the basic materials company’s stock after selling 48,407 shares during the quarter. Neuberger Berman Group LLC owned about 5.24% of Balchem worth $136,220,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Riverhead Capital Management LLC grew its holdings in shares of Balchem by 94.9% during the second quarter. Riverhead Capital Management LLC now owns 1,364 shares of the basic materials company’s stock valued at $106,000 after buying an additional 664 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Balchem by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,130 shares of the basic materials company’s stock valued at $166,000 after buying an additional 319 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Balchem by 158.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,206 shares of the basic materials company’s stock valued at $179,000 after buying an additional 1,352 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Balchem by 117.9% during the second quarter. Sei Investments Co. now owns 2,465 shares of the basic materials company’s stock valued at $191,000 after buying an additional 1,334 shares during the last quarter. Finally, Turner Investments LLC grew its holdings in shares of Balchem by 25.0% during the second quarter. Turner Investments LLC now owns 2,500 shares of the basic materials company’s stock valued at $194,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Separately, BidaskClub cut shares of Balchem from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

Balchem Corporation (NASDAQ BCPC) opened at $80.94 on Friday. The stock has a market cap of $2,625.63, a PE ratio of 32.43 and a beta of 1.09. Balchem Corporation has a twelve month low of $71.95 and a twelve month high of $89.50. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35.

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

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Balchem 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.

Institutional Ownership by Quarter for Balchem (NASDAQ:BCPC)

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