Merit Financial Group LLC Raises Holdings in FutureFuel Corp. (NYSE:FF)

Merit Financial Group LLC raised its position in FutureFuel Corp. (NYSE:FF) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 70,141 shares of the energy company’s stock after purchasing an additional 7,472 shares during the period. Merit Financial Group LLC owned 0.16% of FutureFuel worth $371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FF. State Street Corp lifted its position in FutureFuel by 1.0% during the third quarter. State Street Corp now owns 604,423 shares of the energy company’s stock worth $3,475,000 after buying an additional 5,947 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in shares of FutureFuel by 57.7% in the 3rd quarter. Pallas Capital Advisors LLC now owns 18,518 shares of the energy company’s stock worth $114,000 after acquiring an additional 6,779 shares during the last quarter. Quarry LP purchased a new position in shares of FutureFuel during the 3rd quarter worth $47,000. SG Americas Securities LLC acquired a new position in shares of FutureFuel during the 3rd quarter valued at about $58,000. Finally, Empowered Funds LLC grew its holdings in shares of FutureFuel by 5.3% in the third quarter. Empowered Funds LLC now owns 222,130 shares of the energy company’s stock valued at $1,277,000 after purchasing an additional 11,256 shares during the period. Institutional investors and hedge funds own 44.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of FutureFuel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Insider Buying and Selling at FutureFuel

In other news, CEO Roeland Polet bought 10,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average cost of $5.11 per share, for a total transaction of $51,100.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $51,100. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 41.10% of the stock is owned by corporate insiders.

FutureFuel Stock Up 0.5 %

FF stock opened at $5.55 on Friday. FutureFuel Corp. has a 52-week low of $4.15 and a 52-week high of $8.36. The business has a fifty day moving average of $5.24 and a two-hundred day moving average of $5.56. The stock has a market cap of $242.67 million, a price-to-earnings ratio of 6.76 and a beta of 0.56.

FutureFuel (NYSE:FF) last issued its quarterly earnings data on Friday, November 8th. The energy company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $51.14 million during the quarter. FutureFuel had a net margin of 13.18% and a return on equity of 15.32%.

FutureFuel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.33%. FutureFuel’s payout ratio is currently 29.27%.

FutureFuel Company Profile

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.