Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 129.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,971 shares of the company’s stock after purchasing an additional 14,094 shares during the period. Bleakley Financial Group LLC’s holdings in Montauk Renewables were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Montauk Renewables by 0.5% in the second quarter. Goldman Sachs Group Inc. now owns 220,063 shares of the company’s stock worth $1,637,000 after acquiring an additional 1,182 shares during the period. Bank of New York Mellon Corp raised its position in shares of Montauk Renewables by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 263,144 shares of the company’s stock worth $2,397,000 after acquiring an additional 1,475 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Montauk Renewables by 28.1% in the third quarter. Tower Research Capital LLC TRC now owns 7,466 shares of the company’s stock worth $130,000 after acquiring an additional 1,640 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Montauk Renewables by 5.8% in the third quarter. UBS Asset Management Americas Inc. now owns 36,767 shares of the company’s stock worth $641,000 after acquiring an additional 2,015 shares during the period. Finally, Great Lakes Advisors LLC raised its position in shares of Montauk Renewables by 12.5% in the third quarter. Great Lakes Advisors LLC now owns 20,350 shares of the company’s stock worth $185,000 after acquiring an additional 2,255 shares during the period. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TheStreet downgraded shares of Montauk Renewables from a “c-” rating to a “d+” rating in a research report on Wednesday, March 6th. B. Riley reduced their price target on shares of Montauk Renewables from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Finally, Scotiabank reduced their price target on shares of Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.00.

Montauk Renewables Stock Up 0.5 %

MNTK opened at $4.10 on Tuesday. Montauk Renewables, Inc. has a twelve month low of $3.67 and a twelve month high of $10.95. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $5.10 and a 200 day moving average price of $7.56. The company has a market cap of $589.17 million, a PE ratio of 37.28 and a beta of -0.48.

Montauk Renewables (NASDAQ:MNTK) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Montauk Renewables had a return on equity of 6.32% and a net margin of 8.55%. The company had revenue of $46.81 million for the quarter, compared to analyst estimates of $52.86 million. Sell-side analysts expect that Montauk Renewables, Inc. will post 0.29 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.