Balchem Corporation (NASDAQ:BCPC) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,011,518 shares, an increase of 30.8% from the August 15th total of 773,123 shares. Based on an average daily trading volume, of 83,878 shares, the days-to-cover ratio is currently 12.1 days. Currently, 3.2% of the shares of the stock are sold short.

Separately, BidaskClub cut Balchem Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.

Several institutional investors have recently made changes to their positions in BCPC. Macquarie Group Ltd. lifted its holdings in shares of Balchem Corporation by 47.1% in the second quarter. Macquarie Group Ltd. now owns 351,899 shares of the basic materials company’s stock valued at $27,346,000 after buying an additional 112,703 shares during the period. Wasatch Advisors Inc. lifted its holdings in shares of Balchem Corporation by 4.6% in the second quarter. Wasatch Advisors Inc. now owns 1,153,188 shares of the basic materials company’s stock valued at $89,614,000 after buying an additional 50,841 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Balchem Corporation by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,885,217 shares of the basic materials company’s stock valued at $224,210,000 after buying an additional 40,016 shares during the period. State Street Corp lifted its holdings in shares of Balchem Corporation by 5.2% in the second quarter. State Street Corp now owns 780,131 shares of the basic materials company’s stock valued at $60,619,000 after buying an additional 38,522 shares during the period. Finally, Fred Alger Management Inc. lifted its holdings in shares of Balchem Corporation by 9.7% in the second quarter. Fred Alger Management Inc. now owns 230,801 shares of the basic materials company’s stock valued at $17,936,000 after buying an additional 20,366 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

Shares of Balchem Corporation (NASDAQ BCPC) opened at 76.66 on Friday. The stock has a market cap of $2.45 billion, a PE ratio of 39.72 and a beta of 1.10. Balchem Corporation has a 52-week low of $66.20 and a 52-week high of $89.50. The company’s 50-day moving average price is $75.27 and its 200-day moving average price is $79.15.

Balchem Corporation (NASDAQ:BCPC) last announced its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $147.08 million during the quarter. Balchem Corporation had a return on equity of 14.99% and a net margin of 10.99%. Analysts expect that Balchem Corporation will post $2.47 earnings per share for the current year.

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About Balchem Corporation

Balchem Corporation is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization and industrial markets. The Company operates in four segments: Human Nutrition & Health, Animal Nutrition & Health, Specialty Products and Industrial Products.

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