StockNews.com Upgrades FutureFuel (NYSE:FF) to Strong-Buy

StockNews.com upgraded shares of FutureFuel (NYSE:FF) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

FutureFuel Price Performance

Shares of NYSE:FF opened at $6.20 on Thursday. FutureFuel has a fifty-two week low of $4.15 and a fifty-two week high of $8.36. The business has a 50-day moving average of $5.93 and a two-hundred day moving average of $5.41. The stock has a market capitalization of $271.31 million, a P/E ratio of 6.81 and a beta of 0.62.

FutureFuel (NYSE:FF) last announced its quarterly earnings results on Friday, August 9th. The energy company reported $0.22 earnings per share for the quarter. FutureFuel had a return on equity of 15.62% and a net margin of 11.80%. The company had revenue of $72.41 million during the quarter.

Insider Buying and Selling

In other FutureFuel news, Director Paul Manheim acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $6.10 per share, with a total value of $36,600.00. Following the transaction, the director now owns 19,103 shares of the company’s stock, valued at approximately $116,528.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 41.10% of the stock is owned by insiders.

Hedge Funds Weigh In On FutureFuel

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of FutureFuel by 76.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,553,136 shares of the energy company’s stock worth $7,968,000 after purchasing an additional 671,144 shares during the last quarter. Vanguard Group Inc. raised its holdings in FutureFuel by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 1,391,525 shares of the energy company’s stock valued at $11,202,000 after acquiring an additional 45,914 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of FutureFuel by 321.7% in the 2nd quarter. Acadian Asset Management LLC now owns 742,405 shares of the energy company’s stock worth $3,808,000 after acquiring an additional 566,367 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of FutureFuel by 612.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 352,525 shares of the energy company’s stock worth $1,808,000 after acquiring an additional 303,038 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of FutureFuel by 1.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 333,753 shares of the energy company’s stock worth $2,687,000 after acquiring an additional 3,460 shares during the period. Institutional investors and hedge funds own 44.56% of the company’s stock.

About FutureFuel

FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.