FutureFuel Corp. (NYSE:FF) Sees Large Increase in Short Interest

FutureFuel Corp. (NYSE:FF) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 973,800 shares, a growth of 9.3% from the May 31st total of 891,300 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average daily volume of 576,600 shares, the short-interest ratio is presently 1.7 days.

Insider Activity at FutureFuel

In related news, CEO Mckinlay Thomas acquired 20,000 shares of FutureFuel stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of $4.38 per share, for a total transaction of $87,600.00. Following the completion of the purchase, the chief executive officer now owns 40,000 shares in the company, valued at $175,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Mckinlay Thomas bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average cost of $4.38 per share, for a total transaction of $87,600.00. Following the completion of the purchase, the chief executive officer now owns 40,000 shares of the company’s stock, valued at $175,200. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald J. Kruszewski purchased 50,358 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $4.60 per share, with a total value of $231,646.80. Following the purchase, the director now directly owns 100,000 shares of the company’s stock, valued at $460,000. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 95,302 shares of company stock worth $429,149. Corporate insiders own 40.90% of the company’s stock.

Institutional Trading of FutureFuel

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in FutureFuel by 64.3% in the 3rd quarter. AQR Capital Management LLC now owns 741,016 shares of the energy company’s stock valued at $5,313,000 after purchasing an additional 289,889 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of FutureFuel in the third quarter valued at approximately $236,000. Aigen Investment Management LP acquired a new position in shares of FutureFuel in the fourth quarter valued at approximately $173,000. SG Americas Securities LLC lifted its stake in shares of FutureFuel by 21.2% during the fourth quarter. SG Americas Securities LLC now owns 15,379 shares of the energy company’s stock valued at $94,000 after buying an additional 2,688 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in FutureFuel during the fourth quarter worth approximately $315,000. 44.56% of the stock is currently owned by institutional investors and hedge funds.

FutureFuel Trading Up 0.3 %

Shares of FF traded up $0.01 during trading hours on Wednesday, reaching $5.02. The company had a trading volume of 129,768 shares, compared to its average volume of 535,123. FutureFuel has a 12-month low of $4.15 and a 12-month high of $10.31. The firm has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $5.79. The company has a market capitalization of $219.46 million, a price-to-earnings ratio of 10.88 and a beta of 0.63.

FutureFuel (NYSE:FF) last announced its quarterly earnings results on Friday, May 10th. The energy company reported $0.10 EPS for the quarter. FutureFuel had a return on equity of 7.46% and a net margin of 5.86%. The business had revenue of $58.28 million for the quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FF. HC Wainwright upped their price objective on shares of FutureFuel from $0.70 to $0.80 and gave the company a “buy” rating in a research note on Tuesday, May 14th. StockNews.com cut FutureFuel from a “buy” rating to a “hold” rating in a research report on Monday, May 13th.

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.