State of Alaska Department of Revenue Sells 110 Shares of Balchem Co. (NASDAQ:BCPC)

State of Alaska Department of Revenue lowered its position in Balchem Co. (NASDAQ:BCPC) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,405 shares of the basic materials company’s stock after selling 110 shares during the period. State of Alaska Department of Revenue’s holdings in Balchem were worth $2,999,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Balchem in the third quarter worth about $27,000. R Squared Ltd purchased a new position in shares of Balchem in the fourth quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in Balchem during the third quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB purchased a new stake in Balchem during the third quarter valued at approximately $35,000. Finally, Blue Trust Inc. raised its position in Balchem by 642.5% in the third quarter. Blue Trust Inc. now owns 839 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 726 shares during the period. Hedge funds and other institutional investors own 87.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Balchem Trading Down 2.5 %

Balchem stock opened at $160.28 on Monday. The company has a current ratio of 2.98, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Balchem Co. has a 12-month low of $137.69 and a 12-month high of $186.03. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 43.09, a P/E/G ratio of 4.42 and a beta of 0.69. The firm has a 50 day moving average of $165.18 and a 200 day moving average of $170.14.

Balchem Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a dividend of $0.87 per share. This represents a dividend yield of 0.4%. This is an increase from Balchem’s previous annual dividend of $0.79. The ex-dividend date was Thursday, December 26th. Balchem’s dividend payout ratio (DPR) is presently 23.39%.

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.