BNP Paribas Arbitrage SA Increases Position in Balchem Corporation (BCPC)

BNP Paribas Arbitrage SA lifted its position in Balchem Corporation (NASDAQ:BCPC) by 65.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,772 shares of the basic materials company’s stock after purchasing an additional 6,640 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of Balchem worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BCPC. Conestoga Capital Advisors LLC lifted its holdings in Balchem by 49.1% during the third quarter. Conestoga Capital Advisors LLC now owns 533,894 shares of the basic materials company’s stock worth $43,400,000 after buying an additional 175,850 shares during the period. Macquarie Group Ltd. lifted its holdings in Balchem by 47.1% during the second quarter. Macquarie Group Ltd. now owns 351,899 shares of the basic materials company’s stock worth $27,346,000 after buying an additional 112,703 shares during the period. Wasatch Advisors Inc. lifted its holdings in Balchem by 4.6% during the second quarter. Wasatch Advisors Inc. now owns 1,153,188 shares of the basic materials company’s stock worth $89,614,000 after buying an additional 50,841 shares during the period. Vanguard Group Inc. lifted its holdings in Balchem by 1.4% during the second quarter. Vanguard Group Inc. now owns 2,885,217 shares of the basic materials company’s stock worth $224,210,000 after buying an additional 40,016 shares during the period. Finally, State Street Corp lifted its holdings in Balchem by 5.2% during the second quarter. State Street Corp now owns 780,131 shares of the basic materials company’s stock worth $60,619,000 after buying an additional 38,522 shares during the period. Hedge funds and other institutional investors own 87.11% of the company’s stock.

Shares of Balchem Corporation (NASDAQ:BCPC) opened at $85.91 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2,772.53, a price-to-earnings ratio of 34.24 and a beta of 1.09. Balchem Corporation has a twelve month low of $71.95 and a twelve month high of $89.50.

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

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

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About Balchem

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 (NASDAQ:BCPC)

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