Marshall Wace LLP Sells 87,108 Shares of Enerflex Ltd. (NYSE:EFXT)

Marshall Wace LLP cut its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,336 shares of the company's stock after selling 87,108 shares during the quarter. Marshall Wace LLP's holdings in Enerflex were worth $461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Enerflex in the third quarter valued at approximately $65,000. Quantbot Technologies LP bought a new position in Enerflex in the 4th quarter valued at $127,000. Barclays PLC grew its stake in Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after purchasing an additional 26,168 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Enerflex during the 4th quarter valued at $185,000. Finally, Scotia Capital Inc. bought a new stake in shares of Enerflex during the 4th quarter worth $206,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price objective on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th.

Enerflex Stock Performance

Shares of EFXT opened at $6.76 on Friday. 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 firm has a market cap of $839.25 million, a PE ratio of -10.73 and a beta of 1.95. Enerflex Ltd. has a 1 year low of $4.60 and a 1 year high of $10.61. The stock's fifty day moving average price is $7.13 and its two-hundred day moving average price is $8.34.

Enerflex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's dividend payout ratio (DPR) is presently 40.00%.

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.

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