Balchem Corp. VP Frank Fitzpatrick Sells 14,000 Shares (BCPC)
Balchem Corp. (NASDAQ:BCPC) VP Frank Fitzpatrick unloaded 14,000 shares of Balchem Corp. stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $49.68, for a total transaction of $695,520.00. Following the completion of the sale, the vice president now directly owns 72,798 shares in the company, valued at approximately $3,616,605. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Balchem Corp. in a research note on Tuesday, May 6th. They now have a $73.00 price target on the stock, down previously from $81.00.
Balchem Corp. (NASDAQ:BCPC) traded down 0.92% during mid-day trading on Tuesday, hitting $49.79. 176,856 shares of the company’s stock traded hands. Balchem Corp. has a 52 week low of $46.13 and a 52 week high of $66.34. The stock has a 50-day moving average of $53.77 and a 200-day moving average of $55.38. The company has a market cap of $1.514 billion and a P/E ratio of 36.41.
Balchem Corp. (NASDAQ:BCPC) last announced its earnings results on Monday, May 5th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.08. Analysts expect that Balchem Corp. will post $1.83 EPS 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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