Geode Capital Management LLC Buys 128,655 Shares of FutureFuel Corp. (NYSE:FF)

Geode Capital Management LLC lifted its stake in shares of FutureFuel Corp. (NYSE:FF) by 19.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 800,995 shares of the energy company’s stock after acquiring an additional 128,655 shares during the quarter. Geode Capital Management LLC owned about 1.83% of FutureFuel worth $4,607,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FF. Quarry LP acquired a new position in shares of FutureFuel during the 3rd quarter worth about $47,000. SG Americas Securities LLC acquired a new position in FutureFuel during the 3rd quarter valued at $58,000. The Manufacturers Life Insurance Company bought a new stake in FutureFuel in the 3rd quarter valued at $69,000. XTX Topco Ltd acquired a new stake in FutureFuel in the 3rd quarter worth $82,000. Finally, Victory Capital Management Inc. bought a new position in shares of FutureFuel during the 2nd quarter worth about $88,000. Institutional investors own 44.56% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded FutureFuel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

FutureFuel Stock Performance

Shares of FutureFuel stock opened at $5.25 on Monday. FutureFuel Corp. has a twelve month low of $4.15 and a twelve month high of $8.36. The firm has a market cap of $229.74 million, a P/E ratio of 6.40 and a beta of 0.58. The firm’s 50-day simple moving average is $5.37 and its 200-day simple moving average is $5.53.

FutureFuel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.06 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.57%. FutureFuel’s payout ratio is presently 29.27%.

Insider Buying and Selling

In other news, CEO Roeland Polet bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $5.11 per share, for a total transaction of $51,100.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $51,100. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 41.10% of the stock is owned by corporate insiders.

FutureFuel Profile

FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.