FutureFuel (NYSE:FF – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Separately, TheStreet raised FutureFuel from a “c” rating to a “b-” rating in a research note on Monday, November 28th.
FutureFuel Price Performance
Shares of NYSE FF opened at $8.64 on Friday. FutureFuel has a 1 year low of $5.77 and a 1 year high of $10.63. The firm has a 50-day moving average of $8.16 and a 200 day moving average of $7.28. The stock has a market cap of $378.11 million, a P/E ratio of 16.62 and a beta of 0.86.
Insider Activity at FutureFuel
In other FutureFuel news, Director Donald C. Bedell sold 9,000 shares of FutureFuel stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $9.00, for a total value of $81,000.00. Following the completion of the sale, the director now owns 87,950 shares of the company’s stock, valued at approximately $791,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 41.50% of the stock is currently owned by insiders.
Institutional Investors Weigh In On FutureFuel
Several institutional investors and hedge funds have recently added to or reduced their stakes in FF. AQR Capital Management LLC grew its stake in shares of FutureFuel by 290.2% during the 2nd quarter. AQR Capital Management LLC now owns 405,090 shares of the energy company’s stock valued at $2,949,000 after purchasing an additional 301,269 shares during the period. RK Asset Management LLC bought a new stake in FutureFuel during the fourth quarter valued at approximately $2,294,000. Goldman Sachs Group Inc. increased its holdings in FutureFuel by 141.8% during the first quarter. Goldman Sachs Group Inc. now owns 352,731 shares of the energy company’s stock valued at $3,432,000 after buying an additional 206,869 shares during the last quarter. Millennium Management LLC raised its position in FutureFuel by 69.8% in the second quarter. Millennium Management LLC now owns 257,606 shares of the energy company’s stock worth $1,875,000 after acquiring an additional 105,922 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of FutureFuel during the 1st quarter worth $874,000. Hedge funds and other institutional investors own 43.99% of the company’s stock.
About FutureFuel
FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, 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 agricultural chemical, 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.
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