Dimensional Fund Advisors LP Sells 147,290 Shares of Fuel Tech, Inc. (FTEK)
Dimensional Fund Advisors LP decreased its holdings in Fuel Tech, Inc. (NASDAQ:FTEK) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 545,829 shares of the industrial products company’s stock after selling 147,290 shares during the period. Dimensional Fund Advisors LP owned approximately 2.30% of Fuel Tech worth $458,000 at the end of the most recent quarter.
Separately, Renaissance Technologies LLC raised its holdings in Fuel Tech by 8.0% in the 1st quarter. Renaissance Technologies LLC now owns 549,200 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 40,796 shares during the last quarter. 27.76% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded shares of Fuel Tech from a “sell” rating to a “hold” rating in a report on Friday, September 22nd.
In other news, CEO Vincent J. Arnone purchased 32,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price of $0.92 per share, for a total transaction of $29,440.00. Following the acquisition, the chief executive officer now directly owns 304,740 shares of the company’s stock, valued at $280,360.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.90% of the stock is owned by company insiders.
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Fuel Tech Company Profile
Fuel Tech, Inc is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion.
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