Insider Buying: FutureFuel (NYSE:FF) CEO Buys 10,000 Shares of Stock

FutureFuel Corp. (NYSE:FF) CEO Roeland Polet purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $4.28 per share, with a total value of $42,800.00. Following the completion of the transaction, the chief executive officer directly owned 35,000 shares of the company’s stock, valued at $149,800. The trade was a 40.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

FutureFuel Stock Performance

Shares of NYSE:FF opened at $4.38 on Friday. The company’s 50-day moving average is $4.22 and its 200 day moving average is $3.80. The company has a market capitalization of $192.15 million, a P/E ratio of -3.68 and a beta of 0.82. FutureFuel Corp. has a fifty-two week low of $3.09 and a fifty-two week high of $5.12.

FutureFuel (NYSE:FF) last issued its quarterly earnings results on Monday, May 11th. The energy company reported ($0.47) earnings per share for the quarter. The company had revenue of $31.95 million during the quarter. FutureFuel had a negative return on equity of 32.51% and a negative net margin of 47.51%.

FutureFuel Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. FutureFuel’s dividend payout ratio (DPR) is presently -20.17%.

Hedge Funds Weigh In On FutureFuel

Several large investors have recently modified their holdings of FF. Gate City Capital Management LLC grew its holdings in FutureFuel by 37.3% during the 4th quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company’s stock valued at $3,522,000 after buying an additional 299,924 shares in the last quarter. GSA Capital Partners LLP lifted its stake in FutureFuel by 212.9% in the 4th quarter. GSA Capital Partners LLP now owns 295,890 shares of the energy company’s stock worth $944,000 after purchasing an additional 201,323 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in FutureFuel in the 1st quarter worth approximately $573,000. Walleye Capital LLC purchased a new stake in FutureFuel in the 1st quarter worth approximately $475,000. Finally, Stifel Financial Corp purchased a new stake in FutureFuel in the 4th quarter worth approximately $350,000. Hedge funds and other institutional investors own 44.56% of the company’s stock.

Analysts Set New Price Targets

FF has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of FutureFuel in a research note on Tuesday, April 21st. Wall Street Zen raised FutureFuel from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

FutureFuel Company Profile

FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.