Insider Buying: FutureFuel (NYSE:FF) CEO Purchases $136,066.40 in Stock

FutureFuel Corp. (NYSE:FF) CEO Roeland Polet acquired 48,080 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The shares were acquired at an average cost of $2.83 per share, for a total transaction of $136,066.40. Following the transaction, the chief executive officer owned 83,080 shares of the company’s stock, valued at approximately $235,116.40. This represents a 137.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FutureFuel Trading Up 3.5%

NYSE FF traded up $0.10 during trading on Friday, reaching $2.93. The company’s stock had a trading volume of 962,960 shares, compared to its average volume of 454,787. The stock has a market capitalization of $128.42 million, a PE ratio of -4.31 and a beta of 0.82. The business has a 50-day moving average price of $5.25 and a 200-day moving average price of $4.62. FutureFuel Corp. has a 1-year low of $2.62 and a 1-year high of $6.99.

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 business had revenue of $104.67 million during the quarter.

FutureFuel Announces Dividend

The firm also recently disclosed 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 is Friday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 1.4%. FutureFuel’s dividend payout ratio is currently -5.88%.

Analysts Set New Price Targets

Several research firms have commented on FF. Gabelli started coverage on shares of FutureFuel in a research report on Tuesday. They set an “add” rating and a $9.00 target price on the stock. Wall Street Zen upgraded FutureFuel from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FutureFuel in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, FutureFuel presently has an average rating of “Hold” and an average price target of $9.00.

Hedge Funds Weigh In On FutureFuel

Several institutional investors have recently added to or reduced their stakes in FF. BlackRock Inc. bought a new stake in shares of FutureFuel during the second quarter worth $8,653,000. Kestra Advisory Services LLC bought a new position in shares of FutureFuel in the third quarter worth about $1,567,000. Empowered Funds LLC bought a new stake in shares of FutureFuel during the second quarter valued at approximately $1,384,000. Bank of New York Mellon Corp bought a new stake in shares of FutureFuel during the second quarter valued at approximately $1,214,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of FutureFuel in the second quarter valued at approximately $1,029,000. 44.56% of the stock is owned by 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.