Gate City Capital Management LLC Makes New Investment in FutureFuel Corp. (NYSE:FF)

Gate City Capital Management LLC bought a new stake in FutureFuel Corp. (NYSE:FF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 851,898 shares of the energy company’s stock, valued at approximately $4,507,000. FutureFuel comprises about 2.7% of Gate City Capital Management LLC’s holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD bought a new stake in shares of FutureFuel in the 4th quarter valued at approximately $54,000. Intech Investment Management LLC acquired a new stake in shares of FutureFuel in the fourth quarter valued at $63,000. SG Americas Securities LLC raised its stake in shares of FutureFuel by 28.8% in the fourth quarter. SG Americas Securities LLC now owns 12,990 shares of the energy company’s stock worth $69,000 after acquiring an additional 2,904 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in FutureFuel by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company’s stock worth $86,000 after buying an additional 3,337 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in FutureFuel by 449.4% in the fourth quarter. MetLife Investment Management LLC now owns 16,455 shares of the energy company’s stock worth $87,000 after purchasing an additional 13,460 shares during the period. Institutional investors and hedge funds own 44.56% of the company’s stock.

FutureFuel Trading Up 2.1 %

FutureFuel stock opened at $4.08 on Friday. The company’s 50-day moving average is $4.11 and its two-hundred day moving average is $4.88. FutureFuel Corp. has a 1 year low of $3.77 and a 1 year high of $6.40. The company has a market cap of $178.50 million, a PE ratio of 4.97 and a beta of 0.69.

FutureFuel (NYSE:FF) last posted its quarterly earnings results on Friday, March 28th. The energy company reported $0.06 earnings per share (EPS) for the quarter. FutureFuel had a return on equity of 15.32% and a net margin of 13.18%. The business had revenue of $61.51 million for the quarter.

Insider Buying and Selling

In other FutureFuel news, Director Richard P. Rowe purchased 15,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $79,000. This trade represents a 300.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 41.10% of the stock is owned by insiders.

FutureFuel 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.