New York State Teachers Retirement System boosted its stake in shares of FutureFuel Corp. (NYSE:FF – Get Rating) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,780 shares of the energy company’s stock after buying an additional 2,480 shares during the period. New York State Teachers Retirement System’s holdings in FutureFuel were worth $65,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of FutureFuel by 21,108.1% in the third quarter. US Bancorp DE now owns 7,847 shares of the energy company’s stock valued at $47,000 after purchasing an additional 7,810 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of FutureFuel in the third quarter valued at $74,000. Allspring Global Investments Holdings LLC grew its stake in shares of FutureFuel by 122.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 11,629 shares of the energy company’s stock valued at $84,000 after buying an additional 6,397 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of FutureFuel in the second quarter valued at $95,000. Finally, Lazard Asset Management LLC bought a new position in shares of FutureFuel in the first quarter valued at $95,000. 43.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on FF. TheStreet raised shares of FutureFuel from a “c” rating to a “b-” rating in a research note on Monday, November 28th. StockNews.com cut shares of FutureFuel from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 7th.
Insiders Place Their Bets
FutureFuel Price Performance
FF stock opened at $9.58 on Friday. The company has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $7.43. FutureFuel Corp. has a one year low of $5.77 and a one year high of $10.63. The stock has a market cap of $419.25 million, a price-to-earnings ratio of 18.42 and a beta of 0.86.
FutureFuel (NYSE:FF – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The energy company reported $0.36 EPS for the quarter. FutureFuel had a net margin of 5.87% and a return on equity of 8.25%. The firm had revenue of $118.14 million during the quarter.
FutureFuel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.24 dividend on an annualized basis and a yield of 2.51%. FutureFuel’s dividend payout ratio (DPR) is 46.15%.
FutureFuel Company Profile
FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, 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 agricultural chemical, 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.
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