Arrowstreet Capital Limited Partnership Takes Position in Enerflex Ltd. (NYSE:EFXT)

Arrowstreet Capital Limited Partnership bought a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 590,504 shares of the company's stock, valued at approximately $5,871,000. Arrowstreet Capital Limited Partnership owned about 0.48% of Enerflex at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Enerflex by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company's stock valued at $1,103,000 after acquiring an additional 5,864 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Enerflex in the third quarter valued at $344,000. Barclays PLC raised 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 purchasing an additional 26,168 shares during the period. Geode Capital Management LLC boosted its position in shares of Enerflex by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company's stock worth $364,000 after purchasing an additional 6,158 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Enerflex in the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Enerflex Stock Up 1.6 %

Shares of EFXT traded up $0.11 during trading hours on Friday, reaching $6.53. The stock had a trading volume of 215,563 shares, compared to its average volume of 268,914. The company has a market capitalization of $810.03 million, a price-to-earnings ratio of -10.36 and a beta of 1.95. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 12 month low of $4.60 and a 12 month high of $10.61. The firm has a 50-day simple moving average of $7.91 and a 200 day simple moving average of $8.31.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid 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 1.59%. Enerflex's payout ratio is 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.