Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Bought by Zacks Investment Management

Zacks Investment Management raised its stake in Montauk Renewables, Inc. (NASDAQ:MNTK) by 336.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,258 shares of the company’s stock after acquiring an additional 55,705 shares during the quarter. Zacks Investment Management owned approximately 0.05% of Montauk Renewables worth $376,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Montauk Renewables by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 3,593,935 shares of the company’s stock worth $14,951,000 after buying an additional 59,375 shares during the period. State Street Corp raised its stake 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 worth $8,406,000 after buying an additional 25,732 shares during the period. Dimensional Fund Advisors LP raised its stake 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 worth $4,007,000 after buying an additional 10,711 shares during the period. SIR Capital Management L.P. raised its stake in shares of Montauk Renewables by 91.2% during the 2nd quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock worth $1,859,000 after buying an additional 155,546 shares during the period. Finally, Bank of New York Mellon Corp raised its stake 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 worth $1,501,000 after buying an additional 7,558 shares during the period. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Stock Up 3.6 %

NASDAQ MNTK opened at $4.05 on Wednesday. The business has a fifty day moving average price of $5.01 and a 200 day moving average price of $5.06. Montauk Renewables, Inc. has a one year low of $3.38 and a one year high of $9.38. 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 company has a market cap of $580.64 million, a P/E ratio of 25.31 and a beta of -0.30.

Analyst Ratings Changes

Separately, Scotiabank reissued 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.

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.