Insider Selling: Balchem Corp. CEO Sells 19,800 Shares of Stock (BCPC)
Balchem Corp. (NASDAQ:BCPC) CEO Dino A. Rossi unloaded 19,800 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $53.25, for a total transaction of $1,054,350.00. Following the completion of the transaction, the chief executive officer now directly owns 137,565 shares of the company’s stock, valued at approximately $7,325,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Balchem Corp. (NASDAQ:BCPC) traded up 0.72% on Wednesday, hitting $53.07. The stock had a trading volume of 90,351 shares. Balchem Corp. has a one year low of $46.76 and a one year high of $66.34. The stock has a 50-day moving average of $51.83 and a 200-day moving average of $54.53. The company has a market cap of $1.623 billion and a P/E ratio of 39.92.
Balchem Corp. (NASDAQ:BCPC) last released its earnings data on Friday, August 8th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.07. During the same quarter last year, the company posted $0.38 earnings per share. Analysts expect that Balchem Corp. will post $1.98 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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