MML Investors Services LLC Increases Stock Position in Balchem Co. (NASDAQ:BCPC)

MML Investors Services LLC increased its position in shares of Balchem Co. (NASDAQ:BCPC) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 11,341 shares of the basic materials company’s stock after purchasing an additional 708 shares during the quarter. MML Investors Services LLC’s holdings in Balchem were worth $1,996,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Balchem in the 3rd quarter worth approximately $35,000. GAMMA Investing LLC boosted its position in Balchem by 73.4% in the third quarter. GAMMA Investing LLC now owns 841 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 356 shares during the last quarter. Blue Trust Inc. increased its position in shares of Balchem by 642.5% during the 3rd quarter. Blue Trust Inc. now owns 839 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 726 shares during the last quarter. TD Asset Management Inc purchased a new stake in shares of Balchem during the 2nd quarter valued at $200,000. Finally, Heritage Family Offices LLP purchased a new position in shares of Balchem in the 2nd quarter worth about $206,000. 87.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Balchem from a “hold” rating to a “buy” rating in a report on Monday, October 28th. HC Wainwright raised their price target on shares of Balchem from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

Balchem Stock Up 0.3 %

Shares of NASDAQ BCPC opened at $176.28 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.90. The stock has a market capitalization of $5.73 billion, a PE ratio of 47.39, a P/E/G ratio of 5.32 and a beta of 0.67. Balchem Co. has a one year low of $135.84 and a one year high of $186.03. The business’s fifty day moving average price is $175.26 and its 200-day moving average price is $169.44.

Balchem Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be paid a $0.87 dividend. This is an increase from Balchem’s previous annual dividend of $0.79. The ex-dividend date of this dividend is Thursday, December 26th. This represents a dividend yield of 0.4%. Balchem’s dividend payout ratio (DPR) is presently 23.39%.

Balchem Profile

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.