Menta Capital LLC Sells 12,648 Shares of FutureFuel Corp. (FF)
Menta Capital LLC lessened its holdings in shares of FutureFuel Corp. (NYSE:FF) by 41.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,894 shares of the energy company’s stock after selling 12,648 shares during the period. Menta Capital LLC’s holdings in FutureFuel Corp. were worth $270,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of FutureFuel Corp. during the first quarter worth approximately $109,000. BNP Paribas Arbitrage SA grew its holdings in FutureFuel Corp. by 59.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,819 shares of the energy company’s stock worth $133,000 after buying an additional 3,273 shares in the last quarter. Stevens Capital Management LP acquired a new stake in FutureFuel Corp. in the 1st quarter valued at approximately $143,000. Oxford Asset Management acquired a new stake in FutureFuel Corp. in the 1st quarter valued at approximately $166,000. Finally, Arizona State Retirement System increased its position in FutureFuel Corp. by 0.9% in the 1st quarter. Arizona State Retirement System now owns 11,819 shares of the energy company’s stock valued at $168,000 after acquiring an additional 100 shares during the period. 43.70% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded FutureFuel Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.
FutureFuel Corp. (FF) opened at 16.22 on Wednesday. The stock’s 50 day moving average price is $14.34 and its 200-day moving average price is $14.53. The firm has a market capitalization of $709.61 million, a price-to-earnings ratio of 19.80 and a beta of 1.78. FutureFuel Corp. has a one year low of $10.24 and a one year high of $16.58.
FutureFuel Corp. (NYSE:FF) last posted its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.18). The firm had revenue of $68.05 million for the quarter. FutureFuel Corp. had a return on equity of 9.93% and a net margin of 13.72%. On average, equities research analysts anticipate that FutureFuel Corp. will post $1.08 earnings per share for the current fiscal year.
FutureFuel Corp. Profile
FutureFuel Corp. is the holding company of FutureFuel Chemical Company. FutureFuel Chemical Company manufactures diversified chemical products, bio-based products consisting of biofuels, and bio-based specialty chemical products. FutureFuel Chemical Company conducts its operations through two segments: chemicals and biofuels.
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