Balchem Co. (NASDAQ:BCPC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Balchem Co. (NASDAQ:BCPC) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,440 shares of the basic materials company’s stock after selling 2,105 shares during the quarter. Principal Financial Group Inc. owned about 0.70% of Balchem worth $32,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BCPC. Advisor Group Holdings Inc. raised its stake in Balchem by 13.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 4,582 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 559 shares during the last quarter. WINTON GROUP Ltd raised its stake in Balchem by 131.0% in the 2nd quarter. WINTON GROUP Ltd now owns 4,677 shares of the basic materials company’s stock valued at $614,000 after purchasing an additional 2,652 shares during the last quarter. Citigroup Inc. raised its stake in Balchem by 437.4% in the 2nd quarter. Citigroup Inc. now owns 19,573 shares of the basic materials company’s stock valued at $2,569,000 after purchasing an additional 15,931 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Balchem by 1.5% during the 2nd quarter. Van ECK Associates Corp now owns 59,874 shares of the basic materials company’s stock valued at $7,860,000 after acquiring an additional 872 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Balchem by 58.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,427 shares of the basic materials company’s stock valued at $1,500,000 after acquiring an additional 4,194 shares during the last quarter. 88.33% of the stock is owned by hedge funds and other institutional investors.

BCPC stock opened at $155.52 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.08 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.04 billion, a P/E ratio of 54.19 and a beta of 0.56. Balchem Co. has a 12-month low of $106.29 and a 12-month high of $174.29. The stock’s 50 day simple moving average is $164.51 and its 200 day simple moving average is $148.65.

Balchem (NASDAQ:BCPC) last posted its quarterly earnings results on Thursday, October 28th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.02. The business had revenue of $197.87 million for the quarter, compared to analyst estimates of $204.80 million. Balchem had a return on equity of 13.46% and a net margin of 12.17%. During the same period in the prior year, the company posted $0.83 EPS. On average, research analysts forecast that Balchem Co. will post 2.93 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Friday, January 21st. Shareholders of record on Tuesday, December 28th will be given a $0.64 dividend. The ex-dividend date is Monday, December 27th. This is a positive change from Balchem’s previous annual dividend of $0.58. This represents a yield of 0.4%. Balchem’s dividend payout ratio (DPR) is currently 22.30%.

A number of analysts have recently issued reports on BCPC shares. Sidoti cut Balchem from a “buy” rating to a “neutral” rating and set a $175.00 target price for the company. in a report on Monday, November 29th. HC Wainwright upped their price target on Balchem from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 10th. Finally, Zacks Investment Research cut Balchem from a “buy” rating to a “hold” rating in a report on Tuesday, November 2nd.

About Balchem

Balchem Corp. provides marketing of specialty performance ingredients and products. It operates through the following segments: Human Nutrition and Health, Animal Nutrition and Health, Specialty Products and Industrial Products. The Human Nutrition and Health segment supplies ingredients in the food and beverage industry, providing customized solutions in powder, solid and liquid flavor delivery systems, spray dried emulsified powder systems, and cereal systems.

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Institutional Ownership by Quarter for Balchem (NASDAQ:BCPC)

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