Insider Selling: Balchem Corp. Director Unloads 33,488 Shares of Stock (BCPC)
Balchem Corp. (NASDAQ:BCPC) Director Edward Mcmillan sold 33,488 shares of Balchem Corp. stock on the open market in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $49.79, for a total value of $1,667,367.52. Following the completion of the sale, the director now directly owns 35,705 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Balchem Corp. (NASDAQ:BCPC) traded up 2.50% during mid-day trading on Wednesday, hitting $50.738. The stock had a trading volume of 37,758 shares. Balchem Corp. has a 52-week low of $31.23 and a 52-week high of $53.75. The stock has a 50-day moving average of $50.14 and a 200-day moving average of $46.06. The company has a market cap of $1.516 billion and a P/E ratio of 35.11.
Balchem Corp. (NASDAQ:BCPC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.01. On average, analysts predict that Balchem Corp. will post $1.54 earnings per share for the current fiscal year.
Balchem Corporation is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and medical sterilization industries.
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