FutureFuel (NYSE:FF) Director Pamela Butcher Buys 10,000 Shares of Company Stock

Key Points

• Director Pamela Butcher bought 10,000 FutureFuel shares at an average of $2.82 each, spending $28,200 and increasing her stake by 200% to 15,000 shares.
• FutureFuel reported a quarterly loss of $0.19 per share on revenue of $104.67 million. Its shares rose 3.5% to $2.93 in Friday trading.
• Analysts’ consensus rating is Hold, with a $9.00 consensus price target; the company also declared a quarterly dividend of $0.01 per share.

FutureFuel Corp. (NYSE:FF - Get Free Report) Director Pamela Butcher acquired 10,000 shares of the stock in a transaction dated Thursday, November 12th. The shares were bought at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $42,300. This represents a 200.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

FutureFuel Stock Up 3.5%

Shares of NYSE FF traded up $0.10 during mid-day trading on Friday, reaching $2.93. 962,960 shares of the company were exchanged, 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 company's 50 day moving average price is $5.25 and its 200 day moving average price is $4.62. The stock has a market capitalization of $128.42 million, a PE ratio of -4.31 and a beta of 0.82.

FutureFuel (NYSE:FF - Get Free Report) last released its earnings results on Monday, November 9th. The energy company reported ($0.19) EPS for the quarter. FutureFuel had a negative net margin of 12.59% and a negative return on equity of 19.93%. 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 given a dividend of $0.01 per share. The ex-dividend date is Friday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. FutureFuel's dividend payout ratio is -5.88%.

Institutional Trading of FutureFuel

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of FutureFuel by 834.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 147,233 shares of the energy company's stock valued at $752,000 after acquiring an additional 131,484 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of FutureFuel during the third quarter valued at approximately $1,567,000. Odyssean LLC boosted its stake in shares of 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 bought a new position in shares of FutureFuel in the second quarter worth approximately $55,000. Finally, Empowered Funds LLC bought a new position in shares of FutureFuel in the second quarter worth approximately $1,384,000. 44.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.

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