BNP Paribas Arbitrage SA raised its position in shares of FutureFuel Corp. (NYSE:FF) by 55.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,684 shares of the energy company’s stock after buying an additional 4,865 shares during the period. BNP Paribas Arbitrage SA’s holdings in FutureFuel were worth $215,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in FutureFuel by 10.5% in the 3rd quarter. Principal Financial Group Inc. now owns 193,162 shares of the energy company’s stock worth $3,040,000 after purchasing an additional 18,322 shares in the last quarter. Prudential Financial Inc. increased its stake in FutureFuel by 15.0% during the 3rd quarter. Prudential Financial Inc. now owns 239,311 shares of the energy company’s stock valued at $3,766,000 after purchasing an additional 31,231 shares in the last quarter. Victory Capital Management Inc. increased its stake in FutureFuel by 36.0% during the 3rd quarter. Victory Capital Management Inc. now owns 44,619 shares of the energy company’s stock valued at $702,000 after purchasing an additional 11,801 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in FutureFuel during the 2nd quarter valued at about $446,000. Finally, State Street Corp increased its stake in FutureFuel by 1.0% during the 2nd quarter. State Street Corp now owns 692,736 shares of the energy company’s stock valued at $10,456,000 after purchasing an additional 6,872 shares in the last quarter. Institutional investors and hedge funds own 44.55% of the company’s stock.
Separately, TheStreet upgraded shares of FutureFuel from a “c+” rating to a “b-” rating in a research note on Friday, November 10th.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.69%. FutureFuel’s dividend payout ratio is currently 39.34%.
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FutureFuel Company 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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