FutureFuel (NYSE:FF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

FutureFuel Corp. (NYSE:FF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.65 and traded as high as $4.56. FutureFuel shares last traded at $4.42, with a volume of 373,920 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of FutureFuel in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

FutureFuel Price Performance

The stock has a market cap of $193.60 million, a price-to-earnings ratio of -5.59 and a beta of 0.70. The company’s 50 day moving average is $3.52 and its 200 day moving average is $3.65.

FutureFuel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.24 annualized dividend and a dividend yield of 5.4%. FutureFuel’s payout ratio is -30.38%.

Hedge Funds Weigh In On FutureFuel

Several hedge funds and other institutional investors have recently bought and sold shares of FF. Empowered Funds LLC boosted its position in FutureFuel by 7.4% during the first quarter. Empowered Funds LLC now owns 250,502 shares of the energy company’s stock worth $977,000 after purchasing an additional 17,192 shares in the last quarter. Jane Street Group LLC boosted its position in shares of FutureFuel by 447.4% in the 1st quarter. Jane Street Group LLC now owns 61,481 shares of the energy company’s stock worth $240,000 after buying an additional 50,249 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in FutureFuel by 740.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the energy company’s stock valued at $38,000 after acquiring an additional 8,634 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in FutureFuel by 527.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,990 shares of the energy company’s stock valued at $39,000 after acquiring an additional 8,397 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in FutureFuel by 10.7% during the 2nd quarter. Geode Capital Management LLC now owns 958,499 shares of the energy company’s stock valued at $3,720,000 after acquiring an additional 92,481 shares in the last quarter. 44.56% of the stock is owned by institutional investors and hedge funds.

About FutureFuel

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.