Pallas Capital Advisors LLC Makes New $63,000 Investment in FutureFuel Corp. (NYSE:FF)

Pallas Capital Advisors LLC acquired a new position in FutureFuel Corp. (NYSE:FF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,739 shares of the energy company’s stock, valued at approximately $63,000.

Several other hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in FutureFuel by 821.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,029 shares of the energy company’s stock valued at $37,000 after purchasing an additional 5,375 shares during the last quarter. EntryPoint Capital LLC acquired a new position in FutureFuel in the 1st quarter valued at $83,000. CWM LLC raised its stake in FutureFuel by 292.1% in the 2nd quarter. CWM LLC now owns 16,980 shares of the energy company’s stock valued at $87,000 after purchasing an additional 12,649 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in FutureFuel by 27.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,238 shares of the energy company’s stock valued at $129,000 after purchasing an additional 5,408 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in FutureFuel in the 4th quarter valued at $173,000. Hedge funds and other institutional investors own 44.56% of the company’s stock.

FutureFuel Price Performance

Shares of NYSE FF traded up $0.10 during midday trading on Wednesday, hitting $6.26. 142,074 shares of the company’s stock were exchanged, compared to its average volume of 509,296. FutureFuel Corp. has a twelve month low of $4.15 and a twelve month high of $8.36. The company has a market cap of $273.96 million, a PE ratio of 13.61 and a beta of 0.63. The firm’s fifty day simple moving average is $5.21 and its 200-day simple moving average is $5.65.

Insider Activity

In other FutureFuel news, Director Paul Manheim purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $6.10 per share, for a total transaction of $36,600.00. Following the completion of the purchase, the director now directly owns 19,103 shares in the company, valued at $116,528.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Ronald J. Kruszewski bought 8,544 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $4.50 per share, for a total transaction of $38,448.00. Following the completion of the transaction, the director now owns 8,544 shares in the company, valued at $38,448. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Manheim bought 6,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $6.10 per share, for a total transaction of $36,600.00. Following the completion of the transaction, the director now owns 19,103 shares of the company’s stock, valued at approximately $116,528.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 101,302 shares of company stock valued at $465,749. Company insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

FF has been the subject of a number of recent research reports. HC Wainwright raised their target price on FutureFuel from $0.70 to $0.80 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. StockNews.com raised FutureFuel from a “hold” rating to a “buy” rating in a research report on Monday, August 12th.

About FutureFuel

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.