Rhumbline Advisers Boosts Stake in Montauk Renewables, Inc. (NASDAQ:MNTK)

Rhumbline Advisers lifted its holdings in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,439 shares of the company’s stock after purchasing an additional 3,285 shares during the quarter. Rhumbline Advisers owned about 0.06% of Montauk Renewables worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP boosted its stake in Montauk Renewables by 481.1% during the third quarter. GSA Capital Partners LLP now owns 72,647 shares of the company’s stock worth $378,000 after buying an additional 60,145 shares during the period. Townsquare Capital LLC acquired a new position in shares of Montauk Renewables in the 3rd quarter worth approximately $75,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Montauk Renewables by 8.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,285 shares of the company’s stock worth $861,000 after purchasing an additional 13,228 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Montauk Renewables by 16.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,749 shares of the company’s stock valued at $369,000 after purchasing an additional 9,756 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in Montauk Renewables by 12.4% in the third quarter. Verition Fund Management LLC now owns 44,739 shares of the company’s stock valued at $233,000 after purchasing an additional 4,947 shares during the period. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Stock Down 0.3 %

NASDAQ:MNTK opened at $3.11 on Monday. Montauk Renewables, Inc. has a 52 week low of $2.97 and a 52 week high of $6.22. The stock’s fifty day moving average is $4.15 and its two-hundred day moving average is $4.53. The stock has a market capitalization of $445.87 million, a price-to-earnings ratio of 19.44 and a beta of -0.20. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

About Montauk Renewables

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.