Gate City Capital Management LLC Purchases 299,924 Shares of FutureFuel Corp. $FF

Gate City Capital Management LLC increased its position in shares of FutureFuel Corp. (NYSE:FF) by 37.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,104,149 shares of the energy company’s stock after purchasing an additional 299,924 shares during the period. FutureFuel comprises about 1.5% of Gate City Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Gate City Capital Management LLC’s holdings in FutureFuel were worth $3,522,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Squarepoint Ops LLC increased its position in shares of FutureFuel by 59.4% during the fourth quarter. Squarepoint Ops LLC now owns 25,618 shares of the energy company’s stock valued at $82,000 after purchasing an additional 9,545 shares during the period. Barclays PLC increased its position in shares of FutureFuel by 10.8% during the fourth quarter. Barclays PLC now owns 39,231 shares of the energy company’s stock valued at $125,000 after purchasing an additional 3,815 shares during the period. Marshall Wace LLP increased its position in shares of FutureFuel by 176.7% during the fourth quarter. Marshall Wace LLP now owns 153,878 shares of the energy company’s stock valued at $491,000 after purchasing an additional 98,260 shares during the period. Stifel Financial Corp bought a new stake in shares of FutureFuel during the fourth quarter valued at approximately $350,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in FutureFuel by 145.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 155,126 shares of the energy company’s stock worth $495,000 after purchasing an additional 91,998 shares during the period. 44.56% of the stock is currently owned by institutional investors.

FutureFuel Price Performance

Shares of FutureFuel stock opened at $4.34 on Wednesday. The firm has a market cap of $190.35 million, a P/E ratio of -3.65 and a beta of 0.82. The firm has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $3.87. FutureFuel Corp. has a fifty-two week low of $3.09 and a fifty-two week high of $5.12.

FutureFuel (NYSE:FF) last issued its quarterly earnings results on Monday, May 11th. The energy company reported ($0.47) earnings per share for the quarter. The company had revenue of $31.95 million during the quarter. FutureFuel had a negative net margin of 47.51% and a negative return on equity of 32.51%.

FutureFuel Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.9%. FutureFuel’s dividend payout ratio (DPR) is currently -3.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FF shares. Weiss Ratings restated a “sell (d)” rating on shares of FutureFuel in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of FutureFuel from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Insider Buying and Selling at FutureFuel

In related news, CEO Roeland Polet purchased 10,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average price of $4.28 per share, with a total value of $42,800.00. Following the completion of the acquisition, the chief executive officer directly owned 35,000 shares in the company, valued at approximately $149,800. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 42.40% of the stock is currently owned by corporate insiders.

FutureFuel Company Profile

FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.