Jane Street Group LLC reduced its stake in shares of FutureFuel Corp. (NYSE:FF – Free Report) by 69.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,232 shares of the energy company’s stock after selling 25,138 shares during the period. Jane Street Group LLC’s holdings in FutureFuel were worth $59,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FF. Segall Bryant & Hamill LLC bought a new stake in shares of FutureFuel in the 4th quarter valued at $1,195,000. American Century Companies Inc. raised its position in FutureFuel by 49.7% in the 4th quarter. American Century Companies Inc. now owns 571,751 shares of the energy company’s stock valued at $3,025,000 after buying an additional 189,898 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FutureFuel by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,218,292 shares of the energy company’s stock valued at $11,735,000 after acquiring an additional 169,438 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in FutureFuel by 1,075.6% during the 4th quarter. JPMorgan Chase & Co. now owns 140,340 shares of the energy company’s stock worth $742,000 after acquiring an additional 128,402 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of FutureFuel by 7.5% in the 4th quarter. AQR Capital Management LLC now owns 1,522,751 shares of the energy company’s stock worth $8,055,000 after acquiring an additional 106,830 shares in the last quarter. 44.56% of the stock is owned by institutional investors and hedge funds.
FutureFuel Stock Performance
Shares of NYSE:FF opened at $3.89 on Monday. The company has a market capitalization of $170.17 million, a P/E ratio of 4.74 and a beta of 0.60. The company’s 50-day moving average is $4.01 and its 200 day moving average is $4.61. FutureFuel Corp. has a fifty-two week low of $3.77 and a fifty-two week high of $6.40.
FutureFuel Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $0.06 dividend. This represents a yield of 6.08%. The ex-dividend date of this dividend is Wednesday, June 4th. FutureFuel’s dividend payout ratio is currently -160.00%.
Insider Buying and Selling at FutureFuel
In related news, Director Richard P. Rowe acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average cost of $3.95 per share, for a total transaction of $59,250.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $79,000. This trade represents a 300.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 41.10% of the company’s stock.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered FutureFuel from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.
Check Out Our Latest Research Report on FF
FutureFuel 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.
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