Martingale Asset Management L P Sells 16,700 Shares of FutureFuel Corp. (NYSE:FF)

Martingale Asset Management L P trimmed its stake in FutureFuel Corp. (NYSE:FF) by 33.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 32,653 shares of the energy company’s stock after selling 16,700 shares during the period. Martingale Asset Management L P’s holdings in FutureFuel were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in FutureFuel in the second quarter worth about $26,000. SG Americas Securities LLC purchased a new stake in FutureFuel in the 3rd quarter worth approximately $58,000. Pallas Capital Advisors LLC bought a new stake in FutureFuel during the 2nd quarter worth approximately $63,000. The Manufacturers Life Insurance Company purchased a new position in FutureFuel during the third quarter valued at approximately $69,000. Finally, CWM LLC boosted its position in shares of FutureFuel by 292.1% in the second quarter. CWM LLC now owns 16,980 shares of the energy company’s stock worth $87,000 after purchasing an additional 12,649 shares during the period. 44.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

FutureFuel Stock Down 0.7 %

NYSE FF opened at $5.15 on Thursday. FutureFuel Corp. has a twelve month low of $4.15 and a twelve month high of $8.36. The business has a 50-day moving average price of $5.72 and a 200-day moving average price of $5.42. The firm has a market cap of $225.16 million, a price-to-earnings ratio of 6.38 and a beta of 0.58.

Insiders Place Their Bets

In related news, CEO Roeland Polet purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $5.11 per share, for a total transaction of $51,100.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $51,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 41.10% of the stock is currently owned by corporate insiders.

FutureFuel 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.