Renaissance Technologies LLC decreased its holdings in FutureFuel Corp. (NYSE:FF – Free Report) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,577,700 shares of the energy company’s stock after selling 162,400 shares during the quarter. Renaissance Technologies LLC owned 3.60% of FutureFuel worth $6,074,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of FutureFuel by 226.0% in the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the energy company’s stock worth $35,000 after buying an additional 6,266 shares during the period. Brooklyn Investment Group raised its position in FutureFuel by 4,087.0% during the third quarter. Brooklyn Investment Group now owns 12,854 shares of the energy company’s stock valued at $50,000 after acquiring an additional 12,547 shares in the last quarter. Centiva Capital LP acquired a new stake in FutureFuel in the third quarter valued at approximately $50,000. Jacobs Levy Equity Management Inc. acquired a new stake in FutureFuel in the third quarter valued at approximately $51,000. Finally, PNC Financial Services Group Inc. grew its position in FutureFuel by 65.3% in the first quarter. PNC Financial Services Group Inc. now owns 16,404 shares of the energy company’s stock worth $63,000 after acquiring an additional 6,480 shares in the last quarter. 44.56% of the stock is owned by institutional investors and hedge funds.
FutureFuel Price Performance
Shares of NYSE:FF opened at $4.93 on Wednesday. The firm’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $4.19. FutureFuel Corp. has a fifty-two week low of $3.09 and a fifty-two week high of $5.24. The company has a market capitalization of $216.10 million, a price-to-earnings ratio of -4.14 and a beta of 0.82.
FutureFuel Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. FutureFuel’s payout ratio is presently -3.36%.
Analysts Set New Price Targets
Several brokerages have recently commented on FF. Wall Street Zen upgraded shares of FutureFuel from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of FutureFuel from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat, FutureFuel has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on FF
Insider Activity
In other FutureFuel news, CEO Roeland Polet purchased 10,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $4.28 per share, with a total value of $42,800.00. Following the completion of the transaction, the chief executive officer directly owned 35,000 shares in the company, valued at $149,800. This trade represents a 40.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.40% of the stock is owned by company insiders.
FutureFuel Profile
FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.
The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.
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