Investors sentiment increased to 1.53 in Q2 2018. Its up 0.10, from 1.43 in 2018Q1. It improved, as 12 investors sold BCPC shares while 54 reduced holdings. 35 funds opened positions while 66 raised stakes. 27.59 million shares or 1.88% more from 27.08 million shares in 2018Q1 were reported. Deutsche Bancorp Ag invested in 62,848 shares. Fred Alger Incorporated accumulated 0.12% or 289,552 shares. Huntington Bancshares owns 556 shares for 0% of their portfolio. Amer International Grp Inc holds 0.01% of its portfolio in Balchem Corporation (NASDAQ:BCPC) for 24,717 shares. Mutual Of America Mngmt Limited Liability Corp holds 118 shares or 0% of its portfolio. Us Fincl Bank De holds 7,507 shares. Piedmont Invest Limited Liability Company owns 7,482 shares for 0.04% of their portfolio. Ameriprise Financial holds 235,856 shares. Assetmark Incorporated owns 416 shares. 8 were reported by Tci Wealth. The Louisiana-based Louisiana State Employees Retirement has invested 0.06% in Balchem Corporation (NASDAQ:BCPC). Oppenheimer Asset Management owns 6,572 shares. Ubs Asset Mngmt Americas Incorporated holds 0% or 21,029 shares. Suntrust Banks has 5,446 shares for 0% of their portfolio. Wasatch Advisors accumulated 0.98% or 831,770 shares.
Brown Capital Management Llc increased its stake in Balchem Corp (BCPC) by 10.77% based on its latest 2018Q2 regulatory filing with the SEC. Brown Capital Management Llc bought 415,483 shares as the company’s stock rose 12.74% with the market. The institutional investor held 4.27 million shares of the major chemicals company at the end of 2018Q2, valued at $419.47 million, up from 3.86 million at the end of the previous reported quarter. Brown Capital Management Llc who had been investing in Balchem Corp for a number of months, seems to be bullish on the $2.61B market cap company. The stock decreased 0.93% or $0.76 during the last trading session, reaching $81.01. About 116,339 shares traded. Balchem Corporation (NASDAQ:BCPC) has risen 47.40% since December 8, 2017 and is uptrending. It has outperformed by 31.78% the S&P500.
Brown Capital Management Llc, which manages about $7.02 billion and $9.75B US Long portfolio, decreased its stake in Abaxis Inc (NASDAQ:ABAX) by 1.09M shares to 1.08M shares, valued at $89.31M in 2018Q2, according to the filing. It also reduced its holding in Meridian Bioscience Inc (NASDAQ:VIVO) by 344,320 shares in the quarter, leaving it with 3.66 million shares, and cut its stake in Veeva Sys Inc (NYSE:VEEV).
More notable recent Balchem Corporation (NASDAQ:BCPC) news were published by: Globenewswire.com which released: “Balchem Corporation Acquires Bioscreen Technologies, Srl Nasdaq:BCPC – GlobeNewswire” on August 29, 2018, also Seekingalpha.com with their article: “Balchem Corporation (BCPC) CEO Theodore Harris on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” published on May 04, 2018, Globenewswire.com published: “Balchem Corporation Reports Quarterly Sales of $155.0 Million, Record Third Quarter Net Earnings of $19.2 Million, Record Third Quarter Adjusted Net Earnings of $23.7 Million, and Record Third Quarter Adjusted EBITDA of $38.4 Million – GlobeNewswire” on November 06, 2018. More interesting news about Balchem Corporation (NASDAQ:BCPC) were released by: Globenewswire.com and their article: “Balchem Corporation Reports Record Quarterly Sales of $163.7 Million, Record Second Quarter Net Earnings of $19.7 Million, Record Adjusted Net Earnings of $24.5 Million and Record Adjusted EBITDA of $41.0 Million – GlobeNewswire” published on August 03, 2018 as well as Globenewswire.com‘s news article titled: “Balchem Corporation Announces Quarterly Conference Call for First Quarter Financial Results on May 4, 2018 – GlobeNewswire” with publication date: April 23, 2018.
Balchem Corporation (NASDAQ:BCPC) Ratings Coverage
Among 2 analysts covering Balchem (NASDAQ:BCPC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Balchem had 2 analyst reports since September 25, 2018 according to SRatingsIntel. On Tuesday, October 16 the stock rating was upgraded by Sidoti to “Buy”.
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