FutureFuel (NYSE:FF) Shares Pass Above 200-Day Moving Average – Here’s What Happened

FutureFuel Corp. (NYSE:FF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.05 and traded as high as $4.76. FutureFuel shares last traded at $4.6250, with a volume of 259,590 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FF. Wall Street Zen raised FutureFuel from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FutureFuel in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

FutureFuel Stock Performance

The firm has a market capitalization of $210.31 million, a PE ratio of -4.03 and a beta of 0.81. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.06.

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

FutureFuel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, September 4th. FutureFuel’s dividend payout ratio is currently -3.36%.

Insiders Place Their Bets

In other FutureFuel news, CEO Roeland Polet purchased 10,000 shares of the stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $4.28 per share, with a total value of $42,800.00. Following the acquisition, the chief executive officer directly owned 35,000 shares in the company, valued at approximately $149,800. The trade was a 40.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Gate City Capital Management LLC lifted its position in FutureFuel by 37.3% during the fourth quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company’s stock valued at $3,522,000 after purchasing an additional 299,924 shares during the last quarter. GSA Capital Partners LLP grew 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 buying an additional 201,323 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FutureFuel by 310.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,036 shares of the energy company’s stock worth $198,000 after buying an additional 38,601 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of FutureFuel by 65.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,404 shares of the energy company’s stock worth $63,000 after buying an additional 6,480 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of FutureFuel by 15.4% during the 1st quarter. Bank of New York Mellon Corp now owns 207,030 shares of the energy company’s stock valued at $797,000 after buying an additional 27,647 shares in the last quarter. 44.56% of the stock is currently owned by institutional investors.

About FutureFuel

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.