FutureFuel (NYSE:FF) Director Buys $113,200.00 in Stock

FutureFuel Corp. (NYSE:FF) Director Donald Bedell bought 40,000 shares of the firm’s stock in a transaction on Thursday, November 12th. The shares were purchased at an average price of $2.83 per share, for a total transaction of $113,200.00. Following the purchase, the director owned 50,000 shares in the company, valued at $141,500. This trade represents a 400.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

FutureFuel Stock Up 3.5%

NYSE:FF traded up $0.10 during trading hours on Friday, hitting $2.93. 962,960 shares of the stock traded hands, compared to its average volume of 454,787. The company has a market cap of $128.42 million, a price-to-earnings ratio of -4.31 and a beta of 0.82. FutureFuel Corp. has a 1 year low of $2.62 and a 1 year high of $6.99. The stock has a 50 day moving average price of $5.25 and a 200 day moving average price of $4.62.

FutureFuel (NYSE:FF) last announced its quarterly earnings data on Monday, November 9th. The energy company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $104.67 million during the quarter. FutureFuel had a negative return on equity of 19.93% and a negative net margin of 12.59%.

FutureFuel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.04 annualized dividend and a yield of 1.4%. FutureFuel’s dividend payout ratio is currently -5.88%.

Wall Street Analyst Weigh In

FF has been the subject of a number of analyst reports. Gabelli initiated coverage on FutureFuel in a research note on Tuesday. They issued an “add” rating and a $9.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of FutureFuel in a research report on Wednesday. Finally, Wall Street Zen raised FutureFuel from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, FutureFuel currently has an average rating of “Hold” and a consensus price target of $9.00.

Institutional Investors Weigh In On FutureFuel

Institutional investors have recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd bought a new stake in shares of FutureFuel during the second quarter valued at approximately $51,000. AXQ Capital LP purchased a new position in shares of FutureFuel in the second quarter worth $55,000. PNC Financial Services Group Inc. boosted its position in shares of FutureFuel by 65.3% during the first quarter. PNC Financial Services Group Inc. now owns 16,404 shares of the energy company’s stock worth $63,000 after acquiring an additional 6,480 shares during the last quarter. Greenspring Advisors LLC bought a new position in shares of FutureFuel during the second quarter worth $68,000. Finally, Bank of America Corp DE purchased a new position in FutureFuel during the second quarter valued at $89,000. 44.56% of the stock is owned by hedge funds and other institutional investors.

About FutureFuel

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.