Wilmington Savings Fund Society FSB Buys New Shares in Balchem Co. (NASDAQ:BCPC)

Wilmington Savings Fund Society FSB bought a new position in Balchem Co. (NASDAQ:BCPC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 200 shares of the basic materials company’s stock, valued at approximately $35,000.

A number of other institutional investors have also bought and sold shares of the business. Westside Investment Management Inc. bought a new stake in Balchem in the 3rd quarter valued at $27,000. nVerses Capital LLC purchased a new position in shares of Balchem during the third quarter valued at about $35,000. GAMMA Investing LLC grew its position in shares of Balchem by 73.4% during the third quarter. GAMMA Investing LLC now owns 841 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 356 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Balchem by 642.5% in the third quarter. Blue Trust Inc. now owns 839 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 726 shares during the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Balchem in the second quarter worth about $200,000. Hedge funds and other institutional investors own 87.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Balchem Stock Performance

Shares of NASDAQ:BCPC opened at $165.49 on Monday. The company has a current ratio of 2.98, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 5.32 and a beta of 0.67. Balchem Co. has a 12 month low of $135.84 and a 12 month high of $186.03. The firm’s 50-day moving average is $174.99 and its 200 day moving average is $169.82.

Balchem Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be issued a $0.87 dividend. This represents a dividend yield of 0.4%. This is an increase from Balchem’s previous annual dividend of $0.79. The ex-dividend date is Thursday, December 26th. Balchem’s dividend payout ratio is presently 23.39%.

About Balchem

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.