Insiders Cashing Out Of Positions In Comfort Systems USA, Inc. (FIX), BofI Holding, Inc. (BOFI), Balchem Corporation (BCPC)

Let’s move on to BofI Holding, Inc. (NASDAQ:BOFI), which also had two insiders sell shares on Monday. Director Paul Grinberg sold 12,204 shares at a cool $129.99 each, while EVP and CFO Andrew Micheletti scored an even cooler $130.60 per share he sold, which was 19,000 in all. BofI has had a nearly identical 2015 performance to Comfort Systems, gaining over 64% year-to-date, including a similar late July surge following its own quarterly results, which in this case were the company’s fiscal fourth quarter and full-year 2015 results, for the period ended June 30. BofI Holding, Inc. (NASDAQ:BOFI), a holding company for BofI Federal Bank, which services consumers and businesses in all 50 U.S states through a single location in San Diego, California, earned $1.54 per diluted share for its fiscal fourth quarter, up from $1.09 a year ago, while net income for the 2015 fiscal year was up by 47.8% to $82.68 million. 13 hedge funds tracked by Insider Monkey held positions in the company as of March 31, with few reporting any ownership as of June 30 of those funds that have filed thus far. One of them is John Horseman’s Horseman Capital Management, which owns 3,000 shares, a new position for the fund. On the other hand, Citadel Advisors and Stevens Capital Management closed their small positions.

Lastly we come to Balchem Corporation (NASDAQ:BCPC), which had one insider sale on Monday, from the VP and General Manager of the ARC Speciality Products division, David Ludwig, who sold 15,000 shares at $61.59 apiece. Unlike the previous two, shares of Balchem are down this year, by 8.43%, and have traded relatively sideways for the past 20 months. They did see a spike on August 5 though, just before the sale, gaining nearly 10% on the strength of improving financial results. The company, which sells specialty performance ingredients for food and feed, including animal feed, saw year-over-year increases on both its top and bottom line during the second quarter. Its ARC division, which Ludwig heads, deals in packaged ethylene oxide for the healthcare industry, as well as propylene oxide, a hazardous chemical used in the construction of foams, coatings, and adhesives, among other uses. Royce & Associates also holds the largest stake in Balchem of the funds we track which have reported for the June 30 period, holding 1.07 million shares.

Disclosure: None