Tokio Marine Asset Management Co. Ltd. Reduces Stock Holdings in Balchem Co. (NASDAQ:BCPC)

Tokio Marine Asset Management Co. Ltd. decreased its stake in Balchem Co. (NASDAQ:BCPC) by 13.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,100 shares of the basic materials company’s stock after selling 500 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Balchem were worth $546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Balchem during the 3rd quarter worth approximately $35,000. Bessemer Group Inc. boosted its holdings in Balchem by 568.9% during the first quarter. Bessemer Group Inc. now owns 301 shares of the basic materials company’s stock worth $47,000 after buying an additional 256 shares in the last quarter. Blue Trust Inc. grew its position in Balchem by 642.5% during the third quarter. Blue Trust Inc. now owns 839 shares of the basic materials company’s stock valued at $148,000 after buying an additional 726 shares during the period. GAMMA Investing LLC increased its holdings in Balchem by 73.4% in the third quarter. GAMMA Investing LLC now owns 841 shares of the basic materials company’s stock valued at $148,000 after buying an additional 356 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Balchem in the third quarter worth about $220,000. 87.91% of the stock is currently owned by hedge funds and other institutional investors.

Balchem Stock Up 0.5 %

Shares of NASDAQ BCPC opened at $177.77 on Friday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 47.79, a price-to-earnings-growth ratio of 5.30 and a beta of 0.65. The company’s 50-day simple moving average is $172.71 and its 200-day simple moving average is $165.59. The company has a quick ratio of 1.90, a current ratio of 2.98 and a debt-to-equity ratio of 0.21. Balchem Co. has a 52-week low of $120.76 and a 52-week high of $186.03.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BCPC shares. StockNews.com upgraded Balchem from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. HC Wainwright boosted their price objective on Balchem from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

About Balchem

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets worldwide. It operates through three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products.