Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
The Common Stock is listed on the Nasdaq Global Market under the symbol “BCPC.”
On February 10, 2022 the closing price for the Common Stock on the Nasdaq Global Market was $138.07.
Record Holders
As of February 10, 2022, the approximate number of holders of record of Common Stock was 64. Such number does not include stockholders who hold their stock in street name.
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Performance Graph
The graph below sets forth the cumulative total stockholder return on the Common Stock (referred to in the table as “BCPC”) for the five years ended December 31, 2021, the overall stock market return during such period for shares comprising the Russell 2000® Index (which we believe includes companies with market capitalization similar to that of us), and the overall stock market return during such period for shares comprising the Dow Jones U.S. Specialty Chemicals Index, in each case assuming a comparable initial investment of $100 on December 31, 2016 and the subsequent reinvestment of dividends. The Russell 2000® Index measures the performance of the shares of the 2000 smallest companies included in the Russell 3000® Index. In light of our industry segments, we do not believe that published industry-specific indices are necessarily representative of stocks comparable to us. Nevertheless, we consider the Dow Jones U.S. Specialty Chemicals Index to be potentially useful as a peer group index with respect to us. The performance of the Common Stock shown on the graph below is historical only and not necessarily indicative of future performance.
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Issuer Purchase of Equity Securities
The following table summarizes the share repurchase activity for the year ended December 31, 2021:
Total Number of Shares
Purchased (1)
Average Price Paid Per Share Total Number of Shares
Purchased as
Part of Publicly Announced
Programs (1)
Approximate Dollar Value of Shares that May Yet Be
Purchased Under the
Plans or Programs
January 1-31, 2021 — $ — — $ 123,071,229
February 1-28, 2021 13,475 $ 118.41 13,475 $ 139,860,344
March 1-31, 2021 — $ — — $ 139,860,344
First Quarter 13,475 13,475
April 1-30, 2021 16,838 $ 119.89 16,838 $ 139,592,155
May 1-31, 2021 51,623 $ 129.34 51,623 $ 143,914,129
June 1-30, 2021 4,188 $ 129.99 4,188 $ 144,099,802
Second Quarter 72,649 72,649
July 1-31, 2021 45,129 $ 129.67 45,129 $ 137,892,532
August 1-31, 2021 15,099 $ 129.62 15,099 $ 135,874,343
September 1-30, 2021 847 $ 138.98 847 $ 145,574,840
Third Quarter 61,075 61,075
October 1-31, 2021 2,926 $ 150.28 2,926 $ 156,973,021
November 1-30, 2021 20,147 $ 160.29 20,147 $ 164,200,063
December 1-31, 2021 79,576 $ 160.95 79,576 $ 152,061,457
Fourth Quarter 102,649 102,649
Total 249,848 249,848
(1) Our Board of Directors has approved a stock repurchase program. The total authorization under this program is 3,763,038 shares. Since the inception of the program in June 1999, a total of 2,818,244 shares have been purchased. There is no expiration for this program.
Item 6. [Reserved]