Ritholtz Wealth Management Sells 78,531 Shares of FutureFuel Corp. (NYSE:FF)

Ritholtz Wealth Management trimmed its holdings in shares of FutureFuel Corp. (NYSE:FF - Free Report) by 60.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,981 shares of the energy company's stock after selling 78,531 shares during the period. Ritholtz Wealth Management owned about 0.12% of FutureFuel worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new stake in FutureFuel during the fourth quarter worth about $54,000. Intech Investment Management LLC purchased a new stake in shares of FutureFuel during the 4th quarter worth approximately $63,000. Wells Fargo & Company MN increased its stake in shares of FutureFuel by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company's stock worth $86,000 after purchasing an additional 3,337 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of FutureFuel by 449.4% in the 4th quarter. MetLife Investment Management LLC now owns 16,455 shares of the energy company's stock worth $87,000 after purchasing an additional 13,460 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in FutureFuel in the fourth quarter valued at approximately $95,000. 44.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Richard P. Rowe purchased 15,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of $3.95 per share, with a total value of $59,250.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $79,000. This represents a 300.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 41.10% of the stock is owned by company insiders.

FutureFuel Stock Down 2.8%

FutureFuel stock traded down $0.12 during midday trading on Wednesday, reaching $4.03. The stock had a trading volume of 197,489 shares, compared to its average volume of 306,987. The firm has a market capitalization of $176.30 million, a PE ratio of -26.83 and a beta of 0.60. FutureFuel Corp. has a 12 month low of $3.77 and a 12 month high of $6.40. The firm's 50-day moving average price is $4.04 and its 200 day moving average price is $4.53.

FutureFuel (NYSE:FF - Get Free Report) last posted its earnings results on Monday, May 12th. The energy company reported ($0.40) earnings per share for the quarter. The business had revenue of $17.54 million during the quarter. FutureFuel had a negative return on equity of 3.15% and a negative net margin of 3.19%.

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 given a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 4th. This represents a dividend yield of 6.08%. FutureFuel's dividend payout ratio is currently -160.00%.

FutureFuel Company 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.