Hartree Partners LP Takes Position in FutureFuel Corp. $FF

Key Points

• Hartree Partners LP invested approximately $1.01 million in FutureFuel Corp., acquiring 260,000 shares, which represents about 0.59% ownership of the company.
• FutureFuel recently faced a downgrade from a "hold" to a "sell" rating by Wall Street Zen.
• Despite this, FutureFuel's stock price increased by 4.2% and its market capitalization stands at $169.29 million, alongside a reported earnings per share of ($0.24) for the latest quarter.

Hartree Partners LP purchased a new stake in FutureFuel Corp. (NYSE:FF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 260,000 shares of the energy company's stock, valued at approximately $1,014,000. Hartree Partners LP owned 0.59% of FutureFuel at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FF. Gate City Capital Management LLC acquired a new stake in FutureFuel during the fourth quarter worth approximately $4,507,000. Nuveen LLC acquired a new stake in FutureFuel during the first quarter worth approximately $1,191,000. Segall Bryant & Hamill LLC boosted its holdings in FutureFuel by 110.5% in the first quarter. Segall Bryant & Hamill LLC now owns 475,445 shares of the energy company's stock worth $1,854,000 after acquiring an additional 249,540 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in FutureFuel by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,218,292 shares of the energy company's stock valued at $11,735,000 after acquiring an additional 169,438 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of FutureFuel by 107.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 262,348 shares of the energy company's stock worth $1,388,000 after purchasing an additional 135,945 shares in the last quarter. Institutional investors and hedge funds own 44.56% of the company's stock.

FutureFuel Trading Down 1.4%

Shares of FF stock traded down $0.06 on Thursday, hitting $3.89. 57,020 shares of the stock were exchanged, compared to its average volume of 274,934. The firm has a market capitalization of $170.16 million, a PE ratio of -6.37 and a beta of 0.57. FutureFuel Corp. has a one year low of $3.58 and a one year high of $6.40. The firm's 50 day moving average is $3.98 and its two-hundred day moving average is $4.12.

FutureFuel (NYSE:FF - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The energy company reported ($0.24) earnings per share for the quarter. FutureFuel had a negative return on equity of 13.47% and a negative net margin of 15.95%.The firm had revenue of $35.67 million for the quarter.

FutureFuel Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $0.06 dividend. The ex-dividend date was Wednesday, June 4th. This represents a yield of 608.0%. FutureFuel's dividend payout ratio (DPR) is currently -39.34%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut FutureFuel from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

FutureFuel 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.