EAM Investors LLC Purchases New Shares in Enerflex Ltd. (NYSE:EFXT)

EAM Investors LLC purchased a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 144,407 shares of the company's stock, valued at approximately $1,437,000. EAM Investors LLC owned approximately 0.12% of Enerflex as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Canoe Financial LP grew its stake in shares of Enerflex by 10.2% in the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock valued at $82,342,000 after buying an additional 768,210 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of 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 position in shares of Enerflex during the 4th quarter worth about $43,935,000. Bank of Montreal Can raised its holdings in shares of Enerflex by 44.4% in the 4th quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock valued at $7,010,000 after purchasing an additional 216,839 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Enerflex in the 4th quarter valued at about $5,871,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.

Enerflex Stock Performance

Shares of NYSE EFXT traded up $0.10 during mid-day trading on Tuesday, reaching $6.53. 22,026 shares of the company were exchanged, compared to its average volume of 273,014. The stock has a market capitalization of $810.08 million, a P/E ratio of -10.36 and a beta of 1.95. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company's 50-day simple moving average is $7.57 and its 200-day simple moving average is $8.34. Enerflex Ltd. has a twelve month low of $4.60 and a twelve month high of $10.61.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's dividend payout ratio is presently 40.00%.

Enerflex Company Profile

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.