Mackay Shields LLC cut its holdings in shares of FutureFuel Corp. (NYSE:FF) by 39.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,186 shares of the energy company’s stock after selling 27,700 shares during the period. Mackay Shields LLC owned about 0.10% of FutureFuel worth $515,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in FutureFuel by 125.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,829 shares of the energy company’s stock valued at $236,000 after buying an additional 11,040 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of FutureFuel by 5.4% in the 3rd quarter. Alberta Investment Management Corp now owns 52,600 shares of the energy company’s stock valued at $628,000 after purchasing an additional 2,700 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of FutureFuel in the 2nd quarter valued at $238,000. Aperio Group LLC lifted its stake in shares of FutureFuel by 8.1% in the 2nd quarter. Aperio Group LLC now owns 29,155 shares of the energy company’s stock valued at $341,000 after purchasing an additional 2,175 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new position in shares of FutureFuel in the 2nd quarter valued at $1,290,000. Institutional investors and hedge funds own 48.09% of the company’s stock.
FF stock opened at $12.00 on Monday. The business’s fifty day moving average is $12.02 and its 200-day moving average is $11.65. The company has a market cap of $523.61 million, a P/E ratio of 29.92 and a beta of 1.98. FutureFuel Corp. has a twelve month low of $10.17 and a twelve month high of $19.31.
FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States. It operates in two segments, Chemicals and Biofuels. The Chemicals segment manufactures and sells custom chemicals, including agrochemicals and intermediates, laundry detergent additives, biocides intermediates, specialty polymers, dyes, stabilizers, and chemicals intermediates; and chemicals used in consumer products consisting of cosmetics and personal care products, specialty polymers, and specialty products used in the fuels industry.
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