BidaskClub Upgrades Balchem (BCPC) to “Strong-Buy”

BidaskClub upgraded shares of Balchem (NASDAQ:BCPC) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

Shares of NASDAQ:BCPC opened at $86.62 on Wednesday. Balchem has a 52 week low of $70.23 and a 52 week high of $88.47. The company has a current ratio of 1.84, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2,766.35, a price-to-earnings ratio of 34.00 and a beta of 0.94.

Balchem (NASDAQ:BCPC) last announced its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. Balchem had a net margin of 15.14% and a return on equity of 14.16%. The company had revenue of $159.26 million for the quarter.



Several large investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB purchased a new stake in shares of Balchem in the 4th quarter valued at approximately $286,000. Martin & Co. Inc. TN increased its position in shares of Balchem by 75.6% in the 4th quarter. Martin & Co. Inc. TN now owns 18,470 shares of the basic materials company’s stock valued at $1,489,000 after purchasing an additional 7,950 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Balchem in the 4th quarter valued at approximately $1,196,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Balchem in the 4th quarter valued at approximately $805,000. Finally, Crestline Management LP purchased a new stake in shares of Balchem in the 4th quarter valued at approximately $1,530,000. 89.00% of the stock is currently owned by institutional investors.

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Balchem Company Profile

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.

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