GSA Capital Partners LLP Acquires 39,325 Shares of OPAL Fuels Inc. (NASDAQ:OPAL)

GSA Capital Partners LLP increased its holdings in shares of OPAL Fuels Inc. (NASDAQ:OPAL) by 69.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,056 shares of the company’s stock after acquiring an additional 39,325 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of OPAL Fuels worth $351,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OPAL. Sanctuary Advisors LLC bought a new position in OPAL Fuels during the second quarter worth $93,000. Levin Capital Strategies L.P. bought a new stake in shares of OPAL Fuels during the 1st quarter worth about $136,000. Vanguard Group Inc. grew its stake in OPAL Fuels by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock valued at $8,407,000 after buying an additional 86,531 shares during the last quarter. Marshall Wace LLP bought a new position in OPAL Fuels in the 2nd quarter valued at about $389,000. Finally, Inspire Investing LLC acquired a new stake in OPAL Fuels during the third quarter worth approximately $430,000. Institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OPAL. The Goldman Sachs Group lowered their target price on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research note on Friday, August 9th. UBS Group lowered their price objective on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Scotiabank downgraded OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $8.00 to $5.00 in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.90.

OPAL Fuels Trading Down 0.5 %

Shares of OPAL stock opened at $3.68 on Friday. The stock has a 50 day simple moving average of $3.71 and a 200 day simple moving average of $4.01. OPAL Fuels Inc. has a 1 year low of $3.04 and a 1 year high of $6.08. The stock has a market cap of $635.98 million, a P/E ratio of 20.44 and a beta of 0.48.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.