Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of FutureFuel Corp. (NYSE:FF) during the second quarter, Holdings Channel reports. The institutional investor bought 30,431 shares of the company’s stock, valued at approximately $331,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.07% of FutureFuel Corp. at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in shares of FutureFuel Corp. by 2.0% in the first quarter. Acadian Asset Management LLC now owns 242,162 shares of the company’s stock valued at $2,855,000 after buying an additional 4,750 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of FutureFuel Corp. by 0.9% in the first quarter. BlackRock Fund Advisors now owns 1,515,382 shares of the company’s stock valued at $17,866,000 after buying an additional 13,347 shares during the last quarter. State Street Corp boosted its position in shares of FutureFuel Corp. by 24.5% in the first quarter. State Street Corp now owns 585,083 shares of the company’s stock valued at $6,895,000 after buying an additional 115,001 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of FutureFuel Corp. by 74.6% in the first quarter. UBS Asset Management Americas Inc. now owns 21,653 shares of the company’s stock valued at $255,000 after buying an additional 9,253 shares during the last quarter. Finally, AXA bought a new position in shares of FutureFuel Corp. during the first quarter valued at about $511,000. 38.53% of the stock is owned by institutional investors.
Shares of FutureFuel Corp. (NYSE:FF) traded up 1.01% during trading on Tuesday, hitting $11.00. The stock had a trading volume of 21,100 shares. The stock has a 50-day moving average of $11.43 and a 200 day moving average of $11.23. The firm has a market cap of $480.93 million, a price-to-earnings ratio of 8.11 and a beta of 1.28. FutureFuel Corp. has a 12-month low of $9.67 and a 12-month high of $16.08.
FutureFuel Corp. (NYSE:FF) last released its earnings results on Tuesday, August 9th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.09. FutureFuel Corp. had a return on equity of 15.02% and a net margin of 23.21%. The firm had revenue of $67.88 million for the quarter, compared to the consensus estimate of $93.50 million. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was down 35.1% compared to the same quarter last year. On average, analysts predict that FutureFuel Corp. will post $1.00 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut FutureFuel Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th.
About FutureFuel Corp.
FutureFuel Corp. is engaged in the chemical and biofuels business. The FutureFuel Chemical Company, a subsidiary of Company, manufactures chemical products and bio-based products comprising biofuels and bio-based specialty chemical products. The Company operates in two segments: chemicals and biofuels.
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