StockNews.com Downgrades FutureFuel (NYSE:FF) to Buy

FutureFuel (NYSE:FF) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

FutureFuel Price Performance

FutureFuel stock opened at $5.98 on Friday. The firm has a 50 day simple moving average of $5.92 and a 200-day simple moving average of $5.43. The stock has a market capitalization of $261.68 million, a PE ratio of 6.57 and a beta of 0.62. FutureFuel has a 12-month low of $4.15 and a 12-month high of $8.36.

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

Insiders Place Their Bets

In related news, Director Paul Manheim bought 6,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $6.10 per share, for a total transaction of $36,600.00. Following the transaction, the director now directly owns 19,103 shares in the company, valued at $116,528.30. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 41.10% of the company’s stock.

Institutional Investors Weigh In On FutureFuel

Several institutional investors and hedge funds have recently modified their holdings of FF. nVerses Capital LLC bought a new position in FutureFuel in the 2nd quarter worth $26,000. PNC Financial Services Group Inc. raised its holdings in FutureFuel by 821.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,029 shares of the energy company’s stock worth $37,000 after acquiring an additional 5,375 shares during the period. SG Americas Securities LLC bought a new position in FutureFuel in the 3rd quarter worth $58,000. Pallas Capital Advisors LLC bought a new position in FutureFuel in the 2nd quarter worth $63,000. Finally, EntryPoint Capital LLC bought a new position in FutureFuel in the 1st quarter worth $83,000. 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.