Marshall Wace LLP increased its position in shares of FutureFuel Corp. (NYSE:FF - Free Report) by 293.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,793 shares of the energy company's stock after purchasing an additional 163,993 shares during the period. Marshall Wace LLP owned approximately 0.50% of FutureFuel worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in FutureFuel in the 2nd quarter valued at $284,000. American Century Companies Inc. raised its holdings in FutureFuel by 56.1% in the 2nd quarter. American Century Companies Inc. now owns 241,603 shares of the energy company's stock valued at $1,239,000 after acquiring an additional 86,780 shares in the last quarter. Acadian Asset Management LLC raised its holdings in FutureFuel by 321.7% in the 2nd quarter. Acadian Asset Management LLC now owns 742,405 shares of the energy company's stock valued at $3,808,000 after acquiring an additional 566,367 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of FutureFuel by 612.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 352,525 shares of the energy company's stock valued at $1,808,000 after purchasing an additional 303,038 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of FutureFuel during the 2nd quarter worth $88,000. 44.56% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com upgraded FutureFuel from a "hold" rating to a "buy" rating in a research report on Monday, August 12th.
Read Our Latest Report on FF
FutureFuel Price Performance
Shares of FF stock traded up $0.01 on Monday, hitting $6.05. 284,898 shares of the company's stock were exchanged, compared to its average volume of 469,410. FutureFuel Corp. has a 12 month low of $4.15 and a 12 month high of $8.36. The stock has a market cap of $264.77 million, a P/E ratio of 13.13 and a beta of 0.62. The company has a 50 day moving average of $5.71 and a 200 day moving average of $5.60.
FutureFuel (NYSE:FF - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The energy company reported $0.22 earnings per share for the quarter. FutureFuel had a return on equity of 15.62% and a net margin of 11.80%. The business had revenue of $72.41 million during the quarter.
Insiders Place Their Bets
In other news, Director Paul Manheim bought 6,000 shares of the stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $6.10 per share, with a total value of $36,600.00. Following the acquisition, the director now directly owns 19,103 shares in the company, valued at approximately $116,528.30. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 40.90% of the company's stock.
FutureFuel Profile
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Free Report)
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.
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