State Street Corp Purchases 5,947 Shares of FutureFuel Corp. (NYSE:FF)

State Street Corp increased its holdings in FutureFuel Corp. (NYSE:FF) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 604,423 shares of the energy company’s stock after acquiring an additional 5,947 shares during the period. State Street Corp owned about 1.38% of FutureFuel worth $3,475,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FF. AQR Capital Management LLC grew its stake in FutureFuel by 76.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,553,136 shares of the energy company’s stock valued at $7,968,000 after purchasing an additional 671,144 shares during the period. Acadian Asset Management LLC raised its stake in FutureFuel by 321.7% in the 2nd quarter. Acadian Asset Management LLC now owns 742,405 shares of the energy company’s stock valued at $3,808,000 after acquiring an additional 566,367 shares during the period. Los Angeles Capital Management LLC lifted its holdings in FutureFuel by 612.4% during the second quarter. Los Angeles Capital Management LLC now owns 352,525 shares of the energy company’s stock valued at $1,808,000 after purchasing an additional 303,038 shares during the last quarter. American Century Companies Inc. boosted its position in FutureFuel by 56.1% during the second quarter. American Century Companies Inc. now owns 241,603 shares of the energy company’s stock worth $1,239,000 after purchasing an additional 86,780 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of FutureFuel by 5.3% in the third quarter. Empowered Funds LLC now owns 222,130 shares of the energy company’s stock worth $1,277,000 after purchasing an additional 11,256 shares in the last quarter. Institutional investors and hedge funds own 44.56% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at FutureFuel

In related news, CEO Roeland Polet bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average cost of $5.11 per share, for a total transaction of $51,100.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $51,100. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 41.10% of the company’s stock.

FutureFuel Trading Up 2.1 %

Shares of FutureFuel stock opened at $5.31 on Tuesday. The company’s 50-day moving average price is $5.45 and its 200-day moving average price is $5.51. The company has a market cap of $232.38 million, a price-to-earnings ratio of 6.48 and a beta of 0.58. FutureFuel Corp. has a 12-month low of $4.15 and a 12-month high of $8.36.

FutureFuel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.06 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.24 dividend on an annualized basis and a yield of 4.52%. FutureFuel’s dividend payout ratio is currently 29.27%.

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.