Insider Selling: David F. Ludwig Sells 13,500 Shares of Balchem Corp. Stock (BCPC)
Balchem Corp. (NASDAQ:BCPC) VP David F. Ludwig unloaded 13,500 shares of the company’s stock on the open market in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.74, for a total value of $684,990.00. Following the transaction, the vice president now directly owns 31,025 shares in the company, valued at approximately $1,574,209. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Balchem Corp. (NASDAQ:BCPC) traded down 0.41% during mid-day trading on Monday, hitting $51.12. The stock had a trading volume of 120,466 shares. Balchem Corp. has a one year low of $37.32 and a one year high of $59.97. The stock’s 50-day moving average is $55.99 and its 200-day moving average is $54.18. The company has a market cap of $1.541 billion and a P/E ratio of 35.65.
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.