Two Sigma Advisers LP decreased its holdings in FutureFuel Corp. (NYSE:FF - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,200 shares of the energy company's stock after selling 154,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.49% of FutureFuel worth $1,133,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new position in shares of FutureFuel in the fourth quarter valued at $54,000. Intech Investment Management LLC bought a new position in shares of FutureFuel in the 4th quarter worth approximately $63,000. SG Americas Securities LLC boosted its position in shares of FutureFuel by 28.8% in the 4th quarter. SG Americas Securities LLC now owns 12,990 shares of the energy company's stock worth $69,000 after purchasing an additional 2,904 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of FutureFuel by 25.9% during the fourth quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company's stock valued at $86,000 after buying an additional 3,337 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of FutureFuel by 449.4% in the fourth quarter. MetLife Investment Management LLC now owns 16,455 shares of the energy company's stock worth $87,000 after acquiring an additional 13,460 shares during the period. Institutional investors own 44.56% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of FutureFuel from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Get Our Latest Stock Analysis on FF
Insider Buying and Selling
In other FutureFuel news, Director Richard P. Rowe bought 15,000 shares of the business's stock in a transaction that occurred on 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 purchase, the director now directly owns 20,000 shares in the company, 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 SEC, which can be accessed through the SEC website. 41.10% of the stock is currently owned by company insiders.
FutureFuel Price Performance
Shares of FF traded down $0.10 during mid-day trading on Wednesday, reaching $3.86. 169,400 shares of the company's stock traded hands, compared to its average volume of 320,401. The stock has a market cap of $169.08 million, a P/E ratio of 4.71 and a beta of 0.69. The stock's 50-day moving average is $4.01 and its two-hundred day moving average is $4.64. FutureFuel Corp. has a 12 month low of $3.77 and a 12 month high of $6.40.
FutureFuel (NYSE:FF - Get Free Report) last issued its quarterly 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 return on equity of 15.32% and a net margin of 13.18%.
FutureFuel Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, June 4th. This represents a yield of 6.08%. FutureFuel's payout ratio is presently -160.00%.
About FutureFuel
(
Free Report)
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.
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