Teacher Retirement System of Texas Acquires Shares of 2,635 Balchem Corporation (BCPC)

Teacher Retirement System of Texas acquired a new position in Balchem Corporation (NASDAQ:BCPC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,635 shares of the basic materials company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently added to or reduced their stakes in BCPC. Riverhead Capital Management LLC grew its position in Balchem Corporation 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 period. Victory Capital Management Inc. grew its position in Balchem Corporation 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 period. Sei Investments Co. grew its position in Balchem Corporation 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 period. Turner Investments LLC grew its position in Balchem Corporation 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 period. Finally, Capital Analysts LLC acquired a new stake in Balchem Corporation during the second quarter valued at $197,000. Institutional investors own 85.27% of the company’s stock.

Separately, BidaskClub lowered shares of Balchem Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.

Shares of Balchem Corporation (NASDAQ:BCPC) opened at $86.63 on Friday. The company has a market cap of $2,754.60, a price-to-earnings ratio of 34.02 and a beta of 1.09. 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 Corporation has a 52-week low of $71.95 and a 52-week high of $89.50.

Balchem Corporation (NASDAQ:BCPC) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $150.72 million for the quarter. Balchem Corporation had a net margin of 11.11% and a return on equity of 14.68%.

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About Balchem Corporation

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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