Quadrature Capital Ltd Buys New Stake in Montauk Renewables, Inc. (NASDAQ:MNTK)

Quadrature Capital Ltd bought a new stake in Montauk Renewables, Inc. (NASDAQ:MNTK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,086 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its stake in Montauk Renewables by 129.6% during the fourth quarter. Bleakley Financial Group LLC now owns 24,971 shares of the company’s stock worth $222,000 after buying an additional 14,094 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Montauk Renewables by 14.7% during the fourth quarter. Russell Investments Group Ltd. now owns 134,750 shares of the company’s stock worth $1,226,000 after purchasing an additional 17,240 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Montauk Renewables by 32.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,507 shares of the company’s stock worth $76,000 after purchasing an additional 2,079 shares during the last quarter. Simplicity Solutions LLC lifted its position in shares of Montauk Renewables by 129.6% during the fourth quarter. Simplicity Solutions LLC now owns 24,971 shares of the company’s stock worth $222,000 after purchasing an additional 14,094 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Montauk Renewables by 1.1% during the third quarter. Vanguard Group Inc. now owns 3,470,697 shares of the company’s stock worth $31,618,000 after purchasing an additional 38,605 shares during the last quarter. 16.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TheStreet downgraded Montauk Renewables from a “c-” rating to a “d+” rating in a research report on Wednesday, March 6th. Scotiabank decreased their target price on Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Finally, B. Riley decreased their target price on Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th.

Montauk Renewables Stock Performance

Shares of Montauk Renewables stock opened at $5.70 on Friday. The company has a market capitalization of $819.08 million, a PE ratio of 38.00 and a beta of -0.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.27 and a current ratio of 2.27. The company has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $5.81. Montauk Renewables, Inc. has a one year low of $3.38 and a one year high of $10.95.

Montauk Renewables (NASDAQ:MNTK) last announced its earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $38.79 million during the quarter. Montauk Renewables had a net margin of 10.58% and a return on equity of 8.44%. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Research analysts expect that Montauk Renewables, Inc. will post 0.25 EPS for the current fiscal year.

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.