Montauk Renewables, Inc. (NASDAQ:MNTK) Stock Position Decreased by Barclays PLC

Barclays PLC cut its position in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 32.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,360 shares of the company’s stock after selling 65,644 shares during the period. Barclays PLC owned 0.10% of Montauk Renewables worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Montauk Renewables by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company’s stock worth $8,527,000 after purchasing an additional 9,203 shares in the last quarter. State Street Corp increased its holdings 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 increased its holdings 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 increased its holdings 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. Finally, Marshall Wace LLP acquired a new position in shares of Montauk Renewables during the 2nd quarter valued at about $962,000. 16.35% of the stock is owned by hedge funds and other institutional investors.

Montauk Renewables Stock Performance

Shares of NASDAQ MNTK opened at $4.16 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $596.41 million, a price-to-earnings ratio of 26.00 and a beta of -0.26. The business’s 50-day simple moving average is $4.26 and its 200-day simple moving average is $4.84. Montauk Renewables, Inc. has a 52 week low of $3.38 and a 52 week high of $8.03.

Montauk Renewables Company 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.