268,653 Shares in FutureFuel Corp. $FF Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon purchased 268,653 FutureFuel shares worth approximately $1.21 million, giving it a roughly 0.61% stake. Institutional investors collectively own 44.56% of the company.
• Analyst sentiment remains weak: FutureFuel carries an average “Sell” rating, with one analyst maintaining a Sell recommendation despite another service upgrading the stock to “Hold.”
• FutureFuel reported quarterly EPS of $0.25 on $78.73 million in revenue and declared a $0.01 quarterly dividend, equal to a 0.7% annualized yield.

Bank of New York Mellon Corp bought a new position in FutureFuel Corp. (NYSE:FF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 268,653 shares of the energy company's stock, valued at approximately $1,214,000. Bank of New York Mellon Corp owned about 0.61% of FutureFuel as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FF. Gate City Capital Management LLC increased its position in shares of FutureFuel by 37.3% during the 4th quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company's stock valued at $3,522,000 after purchasing an additional 299,924 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of FutureFuel during the 2nd quarter worth approximately $1,029,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of FutureFuel during the 1st quarter worth approximately $573,000. Walleye Capital LLC bought a new stake in shares of FutureFuel in the 1st quarter worth approximately $475,000. Finally, Stifel Financial Corp bought a new stake in shares of FutureFuel in the 4th quarter worth approximately $350,000. 44.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings lowered FutureFuel from a "sell (d+)" rating to a "sell (d-)" rating in a report on Thursday, August 13th. Wall Street Zen upgraded FutureFuel from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

FutureFuel Trading Up 0.6%

FF opened at $5.37 on Thursday. FutureFuel Corp. has a 12 month low of $3.09 and a 12 month high of $6.99. The company has a market cap of $235.59 million, a PE ratio of -7.67 and a beta of 0.83. The company has a 50 day moving average of $5.10 and a 200 day moving average of $4.54.

FutureFuel (NYSE:FF - Get Free Report) last issued its earnings results on Monday, August 10th. The energy company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $78.73 million for the quarter. FutureFuel had a negative net margin of 19.94% and a negative return on equity of 19.75%.

FutureFuel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. FutureFuel's dividend payout ratio is -5.71%.

About FutureFuel

FutureFuel Corporation NYSE: FF operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company's manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.

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