FutureFuel Corp. (FF) Position Cut by JPMorgan Chase & Co.
JPMorgan Chase & Co. reduced its holdings in shares of FutureFuel Corp. (NYSE:FF) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,395 shares of the energy company’s stock after selling 11,534 shares during the period. JPMorgan Chase & Co. owned approximately 1.70% of FutureFuel worth $13,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of FutureFuel in the third quarter valued at about $100,000. SG Americas Securities LLC acquired a new position in shares of FutureFuel in the second quarter valued at about $179,000. California Public Employees Retirement System acquired a new position in shares of FutureFuel in the second quarter valued at about $186,000. Alambic Investment Management L.P. acquired a new position in shares of FutureFuel in the second quarter valued at about $259,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of FutureFuel by 163.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 19,830 shares of the energy company’s stock valued at $368,000 after purchasing an additional 12,316 shares during the period. 46.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of FF stock opened at $15.62 on Friday. The stock has a market capitalization of $708.20 million, a PE ratio of 11.90 and a beta of 1.77. FutureFuel Corp. has a fifty-two week low of $11.32 and a fifty-two week high of $18.97.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.54%.
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FutureFuel Company Profile
FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States. It operates in two segments, Chemicals and Biofuels. The Chemicals segment manufactures and sells custom chemicals, including agrochemicals and intermediates, detergent additives, biocides intermediates, specialty polymers, dyes, stabilizers, and chemicals intermediates; and chemicals used in consumer products consisting of cosmetics and personal care products, specialty polymers, and specialty products used in the fuels industry.
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