PDT Partners LLC Purchases New Position in Enerflex Ltd. (NYSE:EFXT)

PDT Partners LLC purchased a new position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 44,760 shares of the company's stock, valued at approximately $445,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. 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 buying an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Enerflex in the 4th quarter worth $43,935,000. Canoe Financial LP grew its position in shares of Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock valued at $82,342,000 after acquiring an additional 768,210 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Enerflex in the fourth quarter worth about $5,871,000. Finally, National Bank of Canada FI purchased a new stake in shares of Enerflex during the fourth quarter worth $4,495,000. Institutional investors own 46.47% of the company's stock.

Wall Street Analyst Weigh In

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

Enerflex Trading Up 1.4 %

EFXT stock traded up $0.09 during midday trading on Wednesday, hitting $6.75. The company had a trading volume of 36,000 shares, compared to its average volume of 281,380. The stock has a market cap of $838.01 million, a price-to-earnings ratio of -10.66 and a beta of 2.02. 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 stock's 50 day moving average price is $7.08 and its 200 day moving average price is $8.34. Enerflex Ltd. has a 52 week low of $4.60 and a 52 week high of $10.61.

Enerflex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, March 10th. Enerflex's 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.