Balchem Co. (NASDAQ:BCPC) Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Balchem Co. (NASDAQ:BCPC) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,880 shares of the basic materials company’s stock after selling 450 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Balchem were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCPC. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Balchem by 1.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,926 shares of the basic materials company’s stock valued at $604,000 after buying an additional 59 shares in the last quarter. Inspire Investing LLC boosted its position in Balchem by 2.7% during the 3rd quarter. Inspire Investing LLC now owns 2,348 shares of the basic materials company’s stock worth $413,000 after acquiring an additional 62 shares during the period. Hsbc Holdings PLC grew its stake in Balchem by 1.5% during the 2nd quarter. Hsbc Holdings PLC now owns 4,915 shares of the basic materials company’s stock valued at $757,000 after acquiring an additional 75 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Balchem by 6.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,674 shares of the basic materials company’s stock valued at $295,000 after acquiring an additional 96 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Balchem by 5.2% in the 2nd quarter. Xponance Inc. now owns 2,046 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 87.91% of the company’s stock.

Balchem Price Performance

NASDAQ:BCPC opened at $182.32 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.90. The stock has a market cap of $5.93 billion, a P/E ratio of 48.74, a PEG ratio of 5.45 and a beta of 0.65. The company has a fifty day moving average price of $174.05 and a 200 day moving average price of $166.90. Balchem Co. has a one year low of $120.87 and a one year high of $186.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BCPC shares. HC Wainwright upped their price target on shares of Balchem from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. StockNews.com raised Balchem from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

Balchem Company 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.