1,325 Shares in Balchem Co. (NASDAQ:BCPC) Bought by Marco Investment Management LLC

Marco Investment Management LLC purchased a new stake in Balchem Co. (NASDAQ:BCPC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,325 shares of the basic materials company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in Balchem during the first quarter worth approximately $321,000. Bessemer Group Inc. lifted its position in Balchem by 568.9% in the first quarter. Bessemer Group Inc. now owns 301 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 256 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Balchem by 3.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 36,596 shares of the basic materials company’s stock valued at $5,663,000 after acquiring an additional 1,106 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Balchem by 32.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 193,146 shares of the basic materials company’s stock worth $29,929,000 after purchasing an additional 47,036 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Balchem by 21.3% during the first quarter. Janus Henderson Group PLC now owns 18,059 shares of the basic materials company’s stock worth $2,795,000 after purchasing an additional 3,176 shares in the last quarter. 87.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BCPC has been the subject of a number of research analyst reports. HC Wainwright upped their target price on Balchem from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, November 4th. StockNews.com raised Balchem from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Balchem Price Performance

Shares of NASDAQ:BCPC opened at $182.44 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 2.98. Balchem Co. has a one year low of $120.81 and a one year high of $186.03. The company has a 50-day simple moving average of $173.84 and a 200-day simple moving average of $166.71. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 5.39 and a beta of 0.65.

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.