ABC Arbitrage SA Makes New Investment in Montauk Renewables, Inc. (NASDAQ:MNTK)

ABC Arbitrage SA acquired a new position in Montauk Renewables, Inc. (NASDAQ:MNTK) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 13,886 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in Montauk Renewables by 105.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company’s stock worth $26,000 after purchasing an additional 2,509 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Montauk Renewables in the fourth quarter worth about $40,000. Bleakley Financial Group LLC purchased a new stake in Montauk Renewables in the third quarter worth about $73,000. Townsquare Capital LLC purchased a new stake in Montauk Renewables in the third quarter worth about $75,000. Finally, SG Americas Securities LLC purchased a new stake in Montauk Renewables in the third quarter worth about $114,000. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Montauk Renewables Trading Up 3.7 %

Shares of NASDAQ MNTK opened at $4.45 on Friday. The firm’s 50 day moving average price is $4.17 and its 200-day moving average price is $4.64. The company has a market cap of $638.00 million, a PE ratio of 27.81 and a beta of -0.25. Montauk Renewables, Inc. has a 52-week low of $3.38 and a 52-week high of $6.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04.

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.