Bank of America Corp DE Decreases Holdings in FutureFuel Corp. (NYSE:FF)

Bank of America Corp DE decreased its holdings in FutureFuel Corp. (NYSE:FF) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,670 shares of the energy company’s stock after selling 24,908 shares during the period. Bank of America Corp DE’s holdings in FutureFuel were worth $395,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD purchased a new position in shares of FutureFuel in the fourth quarter worth about $54,000. Intech Investment Management LLC bought a new position in shares of FutureFuel in the fourth quarter valued at approximately $63,000. SG Americas Securities LLC boosted its position in shares of FutureFuel by 28.8% in the fourth quarter. SG Americas Securities LLC now owns 12,990 shares of the energy company’s stock valued at $69,000 after acquiring an additional 2,904 shares during the period. Wells Fargo & Company MN boosted its position in shares of FutureFuel by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company’s stock valued at $86,000 after acquiring an additional 3,337 shares during the period. Finally, MetLife Investment Management LLC boosted its position 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 valued at $87,000 after acquiring an additional 13,460 shares during the period. Hedge funds and other institutional investors own 44.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of FutureFuel from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

FutureFuel Price Performance

Shares of FutureFuel stock opened at $3.87 on Friday. FutureFuel Corp. has a 1 year low of $3.77 and a 1 year high of $6.40. The firm has a market cap of $169.52 million, a PE ratio of 4.72 and a beta of 0.60. The company has a 50 day simple moving average of $4.01 and a two-hundred day simple moving average of $4.59.

FutureFuel (NYSE:FF) last announced its earnings results on Monday, May 12th. The energy company reported ($0.40) earnings per share (EPS) for the quarter. FutureFuel had a net margin of 13.18% and a return on equity of 15.32%. The company had revenue of $17.54 million for the quarter.

FutureFuel Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a dividend yield of 6.08%. FutureFuel’s payout ratio is -160.00%.

Insider Transactions at FutureFuel

In other FutureFuel news, Director Richard P. Rowe acquired 15,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of $3.95 per share, for a total transaction of $59,250.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $79,000. The trade was a 300.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 41.10% of the company’s stock.

About FutureFuel

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.