Jacobs Levy Equity Management Inc. Sells 70,846 Shares of FutureFuel Corp. (NYSE:FF)

Jacobs Levy Equity Management Inc. lessened its stake in FutureFuel Corp. (NYSE:FF) by 34.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,513 shares of the energy company’s stock after selling 70,846 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.31% of FutureFuel worth $768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of FutureFuel by 76.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,553,136 shares of the energy company’s stock worth $7,968,000 after acquiring an additional 671,144 shares during the last quarter. Acadian Asset Management LLC boosted its position in FutureFuel by 321.7% during the second quarter. Acadian Asset Management LLC now owns 742,405 shares of the energy company’s stock valued at $3,808,000 after buying an additional 566,367 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of FutureFuel by 612.4% in the second quarter. Los Angeles Capital Management LLC now owns 352,525 shares of the energy company’s stock worth $1,808,000 after buying an additional 303,038 shares during the period. Marshall Wace LLP lifted its stake in shares of FutureFuel by 293.9% in the 2nd quarter. Marshall Wace LLP now owns 219,793 shares of the energy company’s stock valued at $1,128,000 after acquiring an additional 163,993 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in FutureFuel by 203.9% during the 3rd quarter. Ritholtz Wealth Management now owns 138,373 shares of the energy company’s stock valued at $796,000 after acquiring an additional 92,848 shares during the period. Hedge funds and other institutional investors own 44.56% of the company’s stock.

FutureFuel Stock Up 3.0 %

Shares of FutureFuel stock opened at $5.30 on Tuesday. The company’s fifty day simple moving average is $5.69 and its two-hundred day simple moving average is $5.44. FutureFuel Corp. has a 12-month low of $4.15 and a 12-month high of $8.36. The firm has a market cap of $231.71 million, a PE ratio of 6.46 and a beta of 0.58.

FutureFuel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.24 dividend on an annualized basis and a yield of 4.53%. FutureFuel’s dividend payout ratio is presently 29.27%.

Analyst Ratings Changes

Separately, StockNews.com downgraded FutureFuel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Insider Activity

In other news, CEO Roeland Polet bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $5.11 per share, with a total value of $51,100.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $51,100. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 41.10% of the company’s stock.

FutureFuel Company 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.