Victory Capital Management Inc. Invests $88,000 in FutureFuel Corp. (NYSE:FF)

Victory Capital Management Inc. purchased a new stake in shares of FutureFuel Corp. (NYSE:FF) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,244 shares of the energy company’s stock, valued at approximately $88,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of FutureFuel by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 1,391,525 shares of the energy company’s stock valued at $11,202,000 after buying an additional 45,914 shares in the last quarter. Penn Mutual Asset Management LLC grew its holdings in FutureFuel by 3.0% in the fourth quarter. Penn Mutual Asset Management LLC now owns 650,493 shares of the energy company’s stock worth $3,955,000 after purchasing an additional 18,799 shares during the period. Commonwealth Equity Services LLC grew its holdings in FutureFuel by 1.0% in the first quarter. Commonwealth Equity Services LLC now owns 333,753 shares of the energy company’s stock worth $2,687,000 after purchasing an additional 3,460 shares during the period. Empowered Funds LLC increased its stake in shares of FutureFuel by 8.1% during the first quarter. Empowered Funds LLC now owns 195,754 shares of the energy company’s stock valued at $1,576,000 after purchasing an additional 14,728 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of FutureFuel by 76.5% during the first quarter. Acadian Asset Management LLC now owns 176,038 shares of the energy company’s stock valued at $1,415,000 after purchasing an additional 76,322 shares during the last quarter. 44.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised FutureFuel from a “hold” rating to a “buy” rating in a research report on Monday, August 12th.

FutureFuel Price Performance

Shares of FutureFuel stock opened at $5.71 on Wednesday. The stock has a market cap of $249.67 million, a price-to-earnings ratio of 12.40 and a beta of 0.62. FutureFuel Corp. has a 1 year low of $4.15 and a 1 year high of $8.36. The firm’s 50-day moving average is $5.67 and its 200 day moving average is $5.66.

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

Insider Activity at FutureFuel

In other FutureFuel news, Director Paul Manheim acquired 6,000 shares of FutureFuel stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $6.10 per share, for a total transaction of $36,600.00. Following the acquisition, the director now owns 19,103 shares of the company’s stock, valued at $116,528.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 40.90% of the stock is currently owned by insiders.

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.