Montauk Renewables, Inc. (NASDAQ:MNTK) Stock Position Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 481.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 72,647 shares of the company’s stock after buying an additional 60,145 shares during the quarter. GSA Capital Partners LLP’s holdings in Montauk Renewables were worth $378,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Montauk Renewables by 8.9% during the 2nd quarter. Principal Financial Group Inc. now owns 25,902 shares of the company’s stock valued at $148,000 after purchasing an additional 2,107 shares during the period. Rhumbline Advisers grew its holdings in Montauk Renewables by 2.6% during the second quarter. Rhumbline Advisers now owns 92,138 shares of the company’s stock worth $525,000 after acquiring an additional 2,366 shares during the period. The Manufacturers Life Insurance Company raised its position in Montauk Renewables by 14.7% in the second quarter. The Manufacturers Life Insurance Company now owns 32,611 shares of the company’s stock worth $186,000 after acquiring an additional 4,176 shares in the last quarter. CWM LLC lifted its holdings in Montauk Renewables by 1,425.5% in the 2nd quarter. CWM LLC now owns 4,485 shares of the company’s stock valued at $26,000 after acquiring an additional 4,191 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Montauk Renewables by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,993 shares of the company’s stock valued at $348,000 after purchasing an additional 4,477 shares in the last quarter. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Scotiabank reiterated a “sector perform” rating and issued a $6.00 target price (down from $8.00) on shares of Montauk Renewables in a report on Tuesday, September 3rd.

Montauk Renewables Stock Performance

MNTK opened at $4.43 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The firm has a market cap of $635.13 million, a PE ratio of 27.69 and a beta of -0.21. The business has a fifty day simple moving average of $5.19 and a 200-day simple moving average of $5.10. Montauk Renewables, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $9.75.

Montauk Renewables Profile

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.