FutureFuel (NYSE:FF) Stock: Insider Donald Bedell Acquires 40,000 Shares

FutureFuel Corp. (NYSE:FF) Director Donald Bedell acquired 40,000 shares of the company’s stock in a transaction on Thursday, November 12th. The shares were bought at an average cost of $2.83 per share, with a total value of $113,200.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at approximately $141,500. The trade was a 400.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FutureFuel Price Performance

Shares of FutureFuel stock traded up $0.10 during trading on Friday, reaching $2.93. 962,960 shares of the stock traded hands, compared to its average volume of 454,787. FutureFuel Corp. has a 52-week low of $2.62 and a 52-week high of $6.99. The business has a fifty day simple moving average of $5.25 and a two-hundred day simple moving average of $4.62. The company has a market capitalization of $128.42 million, a price-to-earnings ratio of -4.31 and a beta of 0.82.

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

FutureFuel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 4th. FutureFuel’s dividend payout ratio is -5.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of FutureFuel in a report on Wednesday. Wall Street Zen upgraded shares of FutureFuel from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Gabelli began coverage on shares of FutureFuel in a research note on Tuesday. They set an “add” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, FutureFuel has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in FutureFuel by 834.9% in the third quarter. Russell Investments Group Ltd. now owns 147,233 shares of the energy company’s stock worth $752,000 after acquiring an additional 131,484 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in FutureFuel during the third quarter valued at approximately $1,567,000. Odyssean LLC raised its position in FutureFuel by 79.3% during the second quarter. Odyssean LLC now owns 60,816 shares of the energy company’s stock valued at $275,000 after purchasing an additional 26,890 shares during the period. AXQ Capital LP purchased a new stake in FutureFuel during the second quarter valued at approximately $55,000. Finally, Empowered Funds LLC bought a new stake in shares of FutureFuel in the 2nd quarter valued at approximately $1,384,000. Institutional investors own 44.56% of the company’s stock.

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.