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

State Street Corp lifted its stake in FutureFuel Corp. (NYSE:FF) by 1.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 604,423 shares of the energy company’s stock after buying an additional 5,947 shares during the period. State Street Corp’s holdings in FutureFuel were worth $3,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of FutureFuel during the second quarter valued at approximately $26,000. Quarry LP bought a new position in FutureFuel in the 3rd quarter worth $47,000. SG Americas Securities LLC purchased a new stake in shares of FutureFuel in the 3rd quarter worth about $58,000. The Manufacturers Life Insurance Company bought a new stake in shares of FutureFuel during the 3rd quarter valued at about $69,000. Finally, Victory Capital Management Inc. purchased a new position in shares of FutureFuel during the second quarter valued at about $88,000. Institutional investors own 44.56% of the company’s stock.

Insider Activity at FutureFuel

In other news, CEO Roeland Polet bought 10,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of $5.11 per share, for a total transaction of $51,100.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $51,100. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 41.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

FutureFuel Price Performance

Shares of FutureFuel stock opened at $5.31 on Tuesday. FutureFuel Corp. has a 1 year low of $4.15 and a 1 year high of $8.36. The company has a 50-day moving average of $5.45 and a 200 day moving average of $5.51. The firm has a market cap of $232.38 million, a price-to-earnings ratio of 6.48 and a beta of 0.58.

FutureFuel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors 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 annualized dividend and a dividend yield of 4.52%. FutureFuel’s payout ratio is currently 29.27%.

FutureFuel Company 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.