Enerflex Ltd. (NYSE:EFXT) Shares Sold by Moerus Capital Management LLC

Moerus Capital Management LLC cut its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,796,705 shares of the company's stock after selling 111,857 shares during the quarter. Enerflex accounts for 17.4% of Moerus Capital Management LLC's portfolio, making the stock its 2nd largest holding. Moerus Capital Management LLC owned 3.86% of Enerflex worth $47,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Enerflex in the 3rd quarter valued at approximately $65,000. Quantbot Technologies LP purchased a new stake in shares of Enerflex in the fourth quarter valued at $127,000. Barclays PLC grew its holdings in shares of Enerflex by 2,616,800.0% during the third quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after buying an additional 26,168 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Enerflex during the fourth quarter valued at $185,000. Finally, Pictet Asset Management Holding SA lifted its stake in Enerflex by 54.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company's stock worth $250,000 after acquiring an additional 8,870 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Stock Up 0.8 %

NYSE:EFXT traded up $0.05 on Friday, hitting $6.47. 99,735 shares of the company's stock traded hands, compared to its average volume of 268,017. The company has a market cap of $803.08 million, a PE ratio of -10.28 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 company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $7.97 and a 200-day moving average price of $8.31.

Enerflex Cuts Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex's dividend payout ratio is currently 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.