Dimensional Fund Advisors LP Has $3.39 Million Stock Holdings in Montauk Renewables, Inc. (NASDAQ:MNTK)

Dimensional Fund Advisors LP raised its holdings in Montauk Renewables, Inc. (NASDAQ:MNTK) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 851,345 shares of the company’s stock after acquiring an additional 46,558 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Montauk Renewables were worth $3,389,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of Montauk Renewables during the 4th quarter valued at $174,000. Russell Investments Group Ltd. boosted its holdings in shares of Montauk Renewables by 74.2% during the 4th quarter. Russell Investments Group Ltd. now owns 171,919 shares of the company’s stock valued at $699,000 after acquiring an additional 73,245 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Montauk Renewables by 51.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,840 shares of the company’s stock valued at $123,000 after acquiring an additional 10,472 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Montauk Renewables by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,645,924 shares of the company’s stock valued at $6,552,000 after acquiring an additional 9,556 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Montauk Renewables during the 4th quarter valued at $168,000. Institutional investors and hedge funds own 16.35% of the company’s stock.

Montauk Renewables Stock Up 0.9%

Shares of NASDAQ:MNTK opened at $2.31 on Wednesday. The firm has a market cap of $331.11 million, a P/E ratio of 14.44 and a beta of 0.04. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. Montauk Renewables, Inc. has a 12-month low of $1.75 and a 12-month high of $6.22. The business has a fifty day simple moving average of $2.20 and a 200 day simple moving average of $3.58.

Montauk Renewables (NASDAQ:MNTK) last announced its earnings results on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.01). The company had revenue of $42.60 million for the quarter, compared to the consensus estimate of $42.40 million. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%. Analysts predict that Montauk Renewables, Inc. will post 0.19 earnings per share for the current year.

Montauk Renewables declared that its board has authorized a stock buyback program on Tuesday, April 15th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MNTK shares. UBS Group cut their price objective on Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. B. Riley cut their price objective on Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Finally, Scotiabank lowered their target price 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.

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.