Key Points
- Director Donald Bedell purchased 40,000 FutureFuel shares at an average of $2.83 each, spending $113,200 and increasing his stake by 400% to 50,000 shares.
- FutureFuel reported a quarterly loss of $0.19 per share on revenue of $104.67 million; its net margin and return on equity were also negative.
- Analyst views were mixed, with a consensus “Hold” rating and a $9 average price target. The stock traded at $2.93 and had a 52-week range of $2.62 to $6.99.
FutureFuel Corp. (NYSE:FF - Get Free Report) Director Donald Bedell bought 40,000 shares of FutureFuel stock in a transaction dated Thursday, November 12th. The shares were acquired at an average price of $2.83 per share, with a total value of $113,200.00. Following the completion of the purchase, the director owned 50,000 shares in the company, valued at approximately $141,500. The trade was a 400.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FutureFuel Stock Performance
Shares of FF stock traded up $0.10 during mid-day trading on Friday, reaching $2.93. 1,008,866 shares of the company were exchanged, compared to its average volume of 1,035,634. The business's 50 day simple moving average is $5.20 and its 200 day simple moving average is $4.62. The company has a market capitalization of $128.42 million, a P/E ratio of -4.31 and a beta of 0.82. FutureFuel Corp. has a fifty-two week low of $2.62 and a fifty-two week high of $6.99.
FutureFuel (NYSE:FF - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The energy company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $104.67 million during the quarter. FutureFuel had a negative net margin of 12.59% and a negative return on equity of 19.93%.
FutureFuel Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 4th. FutureFuel's dividend payout ratio (DPR) is currently -5.88%.
Analyst Ratings Changes
Several research firms have recently weighed in on FF. Gabelli started coverage on shares of FutureFuel in a research report on Tuesday, November 10th. They issued an "add" rating and a $9.00 target price for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of FutureFuel in a research report on Wednesday. Finally, Wall Street Zen upgraded FutureFuel from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.00.
Get Our Latest Stock Analysis on FF
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in FutureFuel by 65.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,404 shares of the energy company's stock valued at $63,000 after buying an additional 6,480 shares during the period. Empowered Funds LLC raised its position in shares of FutureFuel by 3.3% during the 1st quarter. Empowered Funds LLC now owns 311,214 shares of the energy company's stock worth $1,198,000 after buying an additional 10,061 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of FutureFuel in the 2nd quarter worth approximately $51,000. AXQ Capital LP acquired a new stake in shares of FutureFuel in the 2nd quarter worth approximately $55,000. Finally, Greenspring Advisors LLC bought a new position in shares of FutureFuel in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 44.56% of the company's stock.
FutureFuel Company Profile
(
Get Free Report)
FutureFuel Corp. is a U.S.-based chemical and biofuel manufacturer with operations in Batesville, Arkansas. The company operates through chemicals and biofuels businesses, using its manufacturing capabilities to produce both custom-made and proprietary products. Its chemicals business serves customers in markets that include agriculture, pharmaceuticals and coatings, among others. FutureFuel manufactures specialty chemicals to customer specifications and also develops and produces its own chemical products.
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