Wasatch Advisors LP Maintains 5.9% Stake in Balchem Corp
Ticker: BCPC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 9326
| Field | Detail |
|---|---|
| Company | Balchem CORP (BCPC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investment-adviser
TL;DR
**Wasatch Advisors LP still owns 5.9% of Balchem, signaling continued institutional confidence.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amended Schedule 13G on February 9, 2024, disclosing its ownership of 1,910,409 shares of Balchem Corporation's Common Stock. This represents 5.9% of the company's outstanding shares, with Wasatch holding sole voting and dispositive power over all these shares. This filing indicates Wasatch Advisors LP maintains a significant, but not controlling, stake in Balchem, which could signal their continued confidence in the company's long-term prospects to investors.
Why It Matters
This filing shows that a major institutional investor, Wasatch Advisors LP, continues to hold a significant portion of Balchem's stock, which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing is an update on an existing position, indicating stability rather than a new, potentially disruptive event.
Analyst Insight
Investors should note that a prominent institutional investor, Wasatch Advisors LP, continues to hold a substantial 5.9% stake in Balchem Corporation. This indicates ongoing institutional confidence, which could be a positive signal, but it doesn't suggest any immediate catalysts or changes in company direction.
Key Numbers
- 1,910,409 — Shares Owned (Represents the total number of Balchem Corporation Common Stock shares Wasatch Advisors LP has sole voting and dispositive power over.)
- 5.9% — Percent of Class Owned (Indicates the significant stake Wasatch Advisors LP holds in Balchem Corporation, showing their continued investment.)
Key Players & Entities
- Wasatch Advisors LP (company) — the investment adviser filing the SC 13G/A
- Balchem Corporation (company) — the issuer of the common stock
- 1,910,409 (dollar_amount) — number of shares of Common Stock owned by Wasatch Advisors LP
- 5.9% (dollar_amount) — percentage of Balchem Corporation's class owned by Wasatch Advisors LP
- February 9, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant stake in Balchem Corporation for the foreseeable future. (Wasatch Advisors LP) — medium confidence, target: 12-2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 2) by Wasatch Advisors LP to update its beneficial ownership of Balchem Corporation's Common Stock, as required when an institutional investor's ownership crosses certain thresholds or changes significantly.
How many shares of Balchem Corporation Common Stock does Wasatch Advisors LP beneficially own?
Wasatch Advisors LP beneficially owns 1,910,409 shares of Balchem Corporation Common Stock, as stated in Item 9 and Item 4(a) of the filing.
What percentage of Balchem Corporation's class of securities does Wasatch Advisors LP own?
Wasatch Advisors LP owns 5.9% of the class of Balchem Corporation's Common Stock, as detailed in Item 11 and Item 4(b) of the filing.
Does Wasatch Advisors LP have sole or shared voting and dispositive power over these shares?
Wasatch Advisors LP has sole voting power over 1,910,409 shares and sole dispositive power over 1,910,409 shares. They report 0 shares for shared voting power and shared dispositive power, according to Items 5-8 and Item 4(c) of the filing.
What type of entity is Wasatch Advisors LP, according to the filing?
Wasatch Advisors LP is identified as an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940, as stated in Item 3(e) and Item 12 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding BALCHEM CORP (BCPC).