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 Stock Market LLC under the symbol “BCPC.”
On February 10, 2023, the closing price for the Common Stock on the Nasdaq Stock Market LLC was $133.75.
Record Holders
As of February 10, 2023, 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, 2022, 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, 2017 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, 2022:
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, 2022 88,154 $ 147.03 88,154 $ 125,951,395
February 1-28, 2022 57,531 $ 139.75 57,531 $ 111,675,367
March 1-31, 2022 100,000 $ 135.98 100,000 $ 95,065,135
First Quarter 245,685 245,685
April 1-30, 2022 245 $ 125.36 245 $ 87,609,591
May 1-31, 2022 4,550 $ 120.01 4,550 $ 83,324,693
June 1-30, 2022 181 $ 125.87 181 $ 83,370,521
Second Quarter 4,976 4,976
July 1-31, 2022 — $ — — $ 83,370,521
August 1-31, 2022 361 $ 127.77 361 $ 88,643,248
September 1-30, 2022 — $ — — $ 88,643,248
Third Quarter 361 361
October 1-31, 2022 831 $ 139.80 831 $ 96,873,152
November 1-30, 2022 399 $ 140.03 399 $ 96,978,739
December 1-31, 2022 52 $ 121.77 52 $ 84,324,507
Fourth Quarter 1,282 1,282
Total 252,304 252,304
(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 3,070,548 shares have been repurchased. There is no expiration for this program.
Item 6. [Reserved]