380,441 Shares in Enerflex Ltd. (NYSE:EFXT) Acquired by EAM Global Investors LLC

EAM Global Investors LLC acquired a new position in Enerflex Ltd. (NYSE:EFXT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 380,441 shares of the company's stock, valued at approximately $3,785,000. EAM Global Investors LLC owned about 0.31% of Enerflex as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its position in Enerflex by 3,307.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock valued at $48,685,000 after acquiring an additional 4,752,201 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enerflex in the fourth quarter valued at about $43,935,000. Canoe Financial LP increased its position in Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock worth $82,342,000 after purchasing an additional 768,210 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Enerflex in the fourth quarter worth $5,871,000. Finally, National Bank of Canada FI purchased a new position in Enerflex in the 4th quarter valued at approximately $4,495,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Trading Down 4.3 %

EFXT stock traded down $0.29 during trading on Monday, reaching $6.44. 38,574 shares of the stock traded hands, compared to its average volume of 273,360. Enerflex Ltd. has a 52-week low of $4.60 and a 52-week high of $10.61. The firm has a market capitalization of $799.53 million, a PE ratio of -10.22 and a beta of 1.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The business's 50 day moving average price is $7.63 and its 200-day moving average price is $8.35.

Enerflex Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.026 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.61%. Enerflex's payout ratio is 40.00%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their price objective on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.