Dimensional Fund Advisors LP grew its position in Balchem Co. (NASDAQ:BCPC) by 0.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 727,055 shares of the basic materials company’s stock after acquiring an additional 3,551 shares during the period. Dimensional Fund Advisors LP owned about 2.27% of Balchem worth $59,103,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of BCPC. Conestoga Capital Advisors LLC raised its position in shares of Balchem by 49.1% in the third quarter. Conestoga Capital Advisors LLC now owns 533,894 shares of the basic materials company’s stock worth $43,400,000 after acquiring an additional 175,850 shares during the period. Sei Investments Co. raised its position in shares of Balchem by 6,294.8% in the third quarter. Sei Investments Co. now owns 157,633 shares of the basic materials company’s stock worth $1,922,000 after acquiring an additional 155,168 shares during the period. Macquarie Group Ltd. raised its position in shares of Balchem by 47.1% in the second quarter. Macquarie Group Ltd. now owns 351,899 shares of the basic materials company’s stock worth $27,346,000 after acquiring an additional 112,703 shares during the period. Cortina Asset Management LLC raised its position in shares of Balchem by 38.4% in the third quarter. Cortina Asset Management LLC now owns 213,154 shares of the basic materials company’s stock worth $17,327,000 after acquiring an additional 59,105 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Balchem by 247.6% in the third quarter. JPMorgan Chase & Co. now owns 72,154 shares of the basic materials company’s stock worth $5,911,000 after acquiring an additional 51,396 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.
Separately, BidaskClub cut shares of Balchem from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.
Balchem (NASDAQ:BCPC) last released its earnings results on Tuesday, November 7th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $150.72 million during the quarter. Balchem had a net margin of 11.11% and a return on equity of 14.68%.
The business also recently announced an annual dividend, which will be paid on Friday, January 19th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a dividend yield of 0.5%. This is a boost from Balchem’s previous annual dividend of $0.38. Balchem’s payout ratio is currently 21.11%.
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Balchem Company Profile
Balchem Corporation is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization and industrial markets. The Company operates in four segments: Human Nutrition & Health, Animal Nutrition & Health, Specialty Products and Industrial Products.
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