Millennium Management LLC Trims Stock Holdings in FutureFuel Corp. (NYSE:FF)

Millennium Management LLC lessened its holdings in shares of FutureFuel Corp. (NYSE:FF - Free Report) by 90.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,084 shares of the energy company's stock after selling 319,142 shares during the period. Millennium Management LLC owned 0.08% of FutureFuel worth $180,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new stake in shares of FutureFuel in the fourth quarter valued at approximately $54,000. Intech Investment Management LLC acquired a new position in shares of FutureFuel in the fourth quarter worth $63,000. SG Americas Securities LLC raised its holdings in shares of FutureFuel by 28.8% in the fourth quarter. SG Americas Securities LLC now owns 12,990 shares of the energy company's stock worth $69,000 after acquiring an additional 2,904 shares during the last quarter. Wells Fargo & Company MN increased its stake in FutureFuel by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company's stock valued at $86,000 after purchasing an additional 3,337 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in FutureFuel by 449.4% in the fourth quarter. MetLife Investment Management LLC now owns 16,455 shares of the energy company's stock valued at $87,000 after purchasing an additional 13,460 shares during the last quarter. Institutional investors and hedge funds own 44.56% of the company's stock.

Insider Transactions at FutureFuel

In related news, Director Richard P. Rowe bought 15,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at approximately $79,000. This represents a 300.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 41.10% of the company's stock.

FutureFuel Trading Up 1.3%

NYSE:FF traded up $0.06 on Monday, hitting $4.20. 514,915 shares of the stock were exchanged, compared to its average volume of 312,547. The stock has a market cap of $183.75 million, a PE ratio of 5.12 and a beta of 0.60. The stock has a fifty day moving average of $4.02 and a 200-day moving average of $4.56. FutureFuel Corp. has a fifty-two week low of $3.77 and a fifty-two week high of $6.40.

FutureFuel (NYSE:FF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The energy company reported ($0.40) EPS for the quarter. The firm had revenue of $17.54 million for the quarter. FutureFuel had a return on equity of 15.32% and a net margin of 13.18%.

FutureFuel Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $0.06 dividend. This represents a dividend yield of 6.08%. The ex-dividend date of this dividend is Wednesday, June 4th. FutureFuel's payout ratio is -160.00%.

Analyst Ratings Changes

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

About FutureFuel

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.