Renaissance Technologies LLC Sells 162,400 Shares of FutureFuel Corp. $FF

Renaissance Technologies LLC trimmed its stake in shares of FutureFuel Corp. (NYSE:FF) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,577,700 shares of the energy company’s stock after selling 162,400 shares during the period. Renaissance Technologies LLC’s holdings in FutureFuel were worth $6,074,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gate City Capital Management LLC grew its holdings in shares of FutureFuel by 37.3% during the fourth quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company’s stock worth $3,522,000 after buying an additional 299,924 shares in the last quarter. Walleye Capital LLC acquired a new position in FutureFuel during the first quarter worth $475,000. GSA Capital Partners LLP increased its stake in shares of FutureFuel by 212.9% during the 4th quarter. GSA Capital Partners LLP now owns 295,890 shares of the energy company’s stock worth $944,000 after purchasing an additional 201,323 shares during the last quarter. JPMorgan Chase & Co. increased its position in FutureFuel by 310.4% during the third quarter. JPMorgan Chase & Co. now owns 51,036 shares of the energy company’s stock worth $198,000 after buying an additional 38,601 shares during the last quarter. Finally, Jump Financial LLC lifted its position in shares of FutureFuel by 113.4% in the fourth quarter. Jump Financial LLC now owns 23,050 shares of the energy company’s stock valued at $74,000 after buying an additional 12,249 shares during the last quarter. 44.56% of the stock is owned by institutional investors.

FutureFuel Stock Up 0.6%

Shares of FutureFuel stock opened at $4.93 on Wednesday. The stock has a market capitalization of $216.10 million, a price-to-earnings ratio of -4.14 and a beta of 0.82. FutureFuel Corp. has a twelve month low of $3.09 and a twelve month high of $5.24. The company has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $4.19.

FutureFuel (NYSE:FF) last released its earnings results on Monday, May 11th. The energy company reported ($0.47) earnings per share (EPS) for the quarter. The company had revenue of $31.95 million for the quarter. FutureFuel had a negative return on equity of 32.51% and a negative net margin of 47.51%.

FutureFuel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 4th. FutureFuel’s payout ratio is currently -3.36%.

Insiders Place Their Bets

In other FutureFuel news, CEO Roeland Polet bought 10,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $4.28 per share, for a total transaction of $42,800.00. Following the completion of the purchase, the chief executive officer directly owned 35,000 shares of the company’s stock, valued at approximately $149,800. This trade represents a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 42.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded FutureFuel from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of FutureFuel from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.