38,076 Shares in Montauk Renewables, Inc. (NASDAQ:MNTK) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,076 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Montauk Renewables by 1,425.5% during the 2nd quarter. CWM LLC now owns 4,485 shares of the company’s stock worth $26,000 after acquiring an additional 4,191 shares during the period. Quadrature Capital Ltd bought a new stake in Montauk Renewables during the fourth quarter worth $99,000. Principal Financial Group Inc. boosted its holdings in shares of Montauk Renewables by 8.9% in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Montauk Renewables by 33.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,329 shares of the company’s stock valued at $181,000 after purchasing an additional 10,850 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Montauk Renewables during the 2nd quarter worth $228,000. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Montauk Renewables Price Performance

Shares of NASDAQ:MNTK opened at $5.75 on Friday. Montauk Renewables, Inc. has a one year low of $3.38 and a one year high of $10.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $825.76 million, a price-to-earnings ratio of 44.23 and a beta of -0.20. The firm has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $4.85.

Montauk Renewables (NASDAQ:MNTK) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The firm had revenue of $43.34 million during the quarter, compared to the consensus estimate of $50.63 million. Montauk Renewables had a net margin of 10.22% and a return on equity of 7.52%. During the same quarter in the previous year, the company posted $0.01 earnings per share. Research analysts predict that Montauk Renewables, Inc. will post 0.2 earnings per share 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.