Deutsche Bank AG Purchases 24,561 Shares of Montauk Renewables, Inc. (NASDAQ:MNTK)

Deutsche Bank AG increased its position in Montauk Renewables, Inc. (NASDAQ:MNTK) by 52.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,267 shares of the company’s stock after purchasing an additional 24,561 shares during the quarter. Deutsche Bank AG’s holdings in Montauk Renewables were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in Montauk Renewables by 3.8% during the 4th quarter. Rhumbline Advisers now owns 90,439 shares of the company’s stock valued at $360,000 after acquiring an additional 3,285 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Montauk Renewables by 9.5% during the 4th quarter. Bank of New York Mellon Corp now owns 237,394 shares of the company’s stock valued at $945,000 after acquiring an additional 20,562 shares in the last quarter. SG Americas Securities LLC boosted its position in Montauk Renewables by 45.2% during the 4th quarter. SG Americas Securities LLC now owns 31,715 shares of the company’s stock valued at $126,000 after acquiring an additional 9,877 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Montauk Renewables by 100.1% in the 4th quarter. American Century Companies Inc. now owns 992,089 shares of the company’s stock worth $3,949,000 after purchasing an additional 496,231 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Montauk Renewables by 3.8% in the 4th quarter. Northern Trust Corp now owns 618,629 shares of the company’s stock worth $2,462,000 after purchasing an additional 22,685 shares in the last quarter. Institutional investors own 16.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Scotiabank lowered their price objective on Montauk Renewables from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. B. Riley lowered their price objective on Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, UBS Group lowered their price objective on Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating for the company in a research report on Friday, March 14th.

Montauk Renewables Stock Performance

Shares of MNTK stock opened at $1.90 on Monday. The firm has a market capitalization of $269.91 million, a price-to-earnings ratio of 11.84 and a beta of 0.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The business has a fifty day moving average of $2.09 and a 200 day moving average of $3.26. Montauk Renewables, Inc. has a 1 year low of $1.75 and a 1 year high of $6.22.

Montauk Renewables (NASDAQ:MNTK) last issued its earnings results on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The firm had revenue of $42.60 million during the quarter, compared to analysts’ expectations of $42.40 million. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. As a group, research analysts expect that Montauk Renewables, Inc. will post 0.19 earnings per share for the current year.

Montauk Renewables declared that its Board of Directors has initiated a share buyback program on Tuesday, April 15th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.