Balchem Corp. (NASDAQ:BCPC) Director Dino A. Rossi sold 16,400 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $78.57, for a total value of $1,288,548.00. Following the transaction, the director now owns 23,248 shares of the company’s stock, valued at $1,826,595.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Balchem Corp. (NASDAQ:BCPC) opened at 78.22 on Friday. The firm has a 50-day moving average price of $70.77 and a 200-day moving average price of $64.16. Balchem Corp. has a 1-year low of $53.11 and a 1-year high of $79.49. The company has a market capitalization of $2.47 billion, a P/E ratio of 44.44 and a beta of 0.61.
Balchem Corp. (NASDAQ:BCPC) last announced its earnings results on Friday, August 5th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.21. The company had revenue of $138.80 million for the quarter, compared to analyst estimates of $134.77 million. Balchem Corp. had a return on equity of 16.85% and a net margin of 10.18%. On average, analysts forecast that Balchem Corp. will post $2.57 EPS for the current fiscal year.
Separately, Pivotal Research restated a “hold” rating and issued a $65.00 price target on shares of Balchem Corp. in a research note on Sunday, August 7th.
Balchem Corp. Company Profile
Balchem Corporation (Balchem) is engaged in the development, manufacture, distribution and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and medical sterilization industries. The Company operates in four segments: SensoryEffects, Animal Nutrition & Health (ANH), Specialty Products and Industrial Products.
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