Jane Street Group LLC Trims Position in Montauk Renewables, Inc. (NASDAQ:MNTK)

Jane Street Group LLC lessened its stake in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 31.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,737 shares of the company’s stock after selling 29,305 shares during the quarter. Jane Street Group LLC’s holdings in Montauk Renewables were worth $345,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. State Street Corp boosted its position in shares of Montauk Renewables by 1.6% during the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company’s stock valued at $8,406,000 after acquiring an additional 25,732 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Montauk Renewables by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,914 shares of the company’s stock valued at $4,007,000 after acquiring an additional 10,711 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Montauk Renewables by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,278 shares of the company’s stock valued at $1,501,000 after acquiring an additional 7,558 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Montauk Renewables during the 2nd quarter valued at about $962,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Montauk Renewables by 8.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,285 shares of the company’s stock valued at $861,000 after acquiring an additional 13,228 shares during the last quarter. Institutional investors own 16.35% of the company’s stock.

Montauk Renewables Stock Performance

Shares of MNTK opened at $4.34 on Thursday. The stock has a 50-day moving average price of $4.38 and a 200-day moving average price of $4.89. The company has a market cap of $622.22 million, a PE ratio of 27.13 and a beta of -0.26. Montauk Renewables, Inc. has a 12-month low of $3.38 and a 12-month high of $8.41. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.17.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.