Empowered Funds LLC Takes $1.38 Million Position in FutureFuel Corp. $FF

Key Points

• Empowered Funds LLC acquired 306,085 FutureFuel shares worth approximately $1.38 million, representing about 0.70% of the company. Institutional investors and hedge funds collectively own 44.56% of FutureFuel.
• Analyst sentiment remains weak: FutureFuel was downgraded to “sell” by Weiss Ratings, while Wall Street Zen raised its view to “hold”; the stock has an overall average rating of “Sell.”
• FutureFuel reported quarterly revenue of $78.73 million and earnings of $0.25 per share, while maintaining a quarterly dividend of $0.01, equivalent to a 0.8% annual yield.

Empowered Funds LLC acquired a new position in FutureFuel Corp. (NYSE:FF - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 306,085 shares of the energy company's stock, valued at approximately $1,384,000. Empowered Funds LLC owned about 0.70% of FutureFuel at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in FutureFuel during the 2nd quarter worth $8,653,000. Gate City Capital Management LLC grew its position in shares of FutureFuel by 37.3% in the fourth 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. Bank of New York Mellon Corp bought a new position in shares of FutureFuel in the second quarter worth about $1,214,000. GSA Capital Partners LLP bought a new position in shares of FutureFuel in the second quarter worth about $1,029,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of FutureFuel during the 1st quarter worth about $573,000. 44.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on FF. Weiss Ratings downgraded FutureFuel from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Thursday, August 13th. Wall Street Zen raised FutureFuel from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FutureFuel currently has an average rating of "Sell".

FutureFuel Stock Performance

NYSE:FF opened at $5.26 on Friday. The firm's 50-day moving average is $5.06 and its 200-day moving average is $4.51. The company has a market cap of $230.70 million, a price-to-earnings ratio of -7.51 and a beta of 0.83. FutureFuel Corp. has a 52-week low of $3.09 and a 52-week high of $6.99.

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

FutureFuel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.01 dividend. The ex-dividend date is Friday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. FutureFuel's dividend payout ratio (DPR) is currently -5.71%.

FutureFuel Company Profile

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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