FutureFuel Corp. (NYSE:FF) Sees Significant Growth in Short Interest

FutureFuel Corp. (NYSE:FF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 973,800 shares, an increase of 9.3% from the May 31st total of 891,300 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 576,600 shares, the short-interest ratio is presently 1.7 days.

Insider Transactions at FutureFuel

In related news, insider Charles W. Lyon purchased 11,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $4.36 per share, for a total transaction of $49,704.00. Following the purchase, the insider now directly owns 11,400 shares in the company, valued at approximately $49,704. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other FutureFuel news, insider Charles W. Lyon acquired 11,400 shares of FutureFuel stock in a transaction that occurred on Thursday, June 6th. The stock was acquired at an average cost of $4.36 per share, for a total transaction of $49,704.00. Following the purchase, the insider now owns 11,400 shares of the company’s stock, valued at $49,704. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mckinlay Thomas bought 20,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were bought at an average price of $4.38 per share, for a total transaction of $87,600.00. Following the transaction, the chief executive officer now owns 40,000 shares of the company’s stock, valued at $175,200. The disclosure for this purchase can be found here. Insiders purchased a total of 95,302 shares of company stock worth $429,149 in the last quarter. Insiders own 40.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in shares of FutureFuel by 4.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 172,808 shares of the energy company’s stock valued at $1,391,000 after buying an additional 8,003 shares in the last quarter. Quadrature Capital Ltd raised its position in FutureFuel by 170.7% in the 1st quarter. Quadrature Capital Ltd now owns 37,569 shares of the energy company’s stock worth $302,000 after purchasing an additional 23,692 shares during the period. EntryPoint Capital LLC purchased a new position in FutureFuel in the 1st quarter worth $83,000. Acadian Asset Management LLC raised its position in FutureFuel by 76.5% in the 1st quarter. Acadian Asset Management LLC now owns 176,038 shares of the energy company’s stock worth $1,415,000 after purchasing an additional 76,322 shares during the period. Finally, Vanguard Group Inc. raised its position in FutureFuel by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 1,391,525 shares of the energy company’s stock worth $11,202,000 after purchasing an additional 45,914 shares during the period. 44.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FF has been the topic of several analyst reports. HC Wainwright upped their price target on FutureFuel from $0.70 to $0.80 and gave the company a “buy” rating in a research report on Tuesday, May 14th. StockNews.com lowered shares of FutureFuel from a “buy” rating to a “hold” rating in a report on Monday, May 13th.

FutureFuel Price Performance

Shares of NYSE:FF opened at $5.00 on Tuesday. The firm has a fifty day moving average price of $4.93 and a two-hundred day moving average price of $5.80. FutureFuel has a one year low of $4.15 and a one year high of $10.31. The company has a market cap of $218.80 million, a price-to-earnings ratio of 10.87 and a beta of 0.63.

FutureFuel (NYSE:FF) last announced its quarterly earnings results on Friday, May 10th. The energy company reported $0.10 EPS for the quarter. FutureFuel had a net margin of 5.86% and a return on equity of 7.46%. The firm had revenue of $58.28 million during the quarter.

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.