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

EAM Global Investors LLC acquired a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 380,441 shares of the company's stock, valued at approximately $3,785,000. EAM Global Investors LLC owned 0.31% of Enerflex at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Enerflex by 2,616,800.0% during the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after buying an additional 26,168 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Enerflex during the third quarter valued at approximately $344,000. JPMorgan Chase & Co. lifted its position in shares of Enerflex by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company's stock worth $463,000 after purchasing an additional 27,878 shares in the last quarter. Canoe Financial LP boosted 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 purchasing an additional 768,210 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enerflex during the 4th quarter valued at $43,935,000. Institutional investors and hedge funds 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 research report on Thursday.

Enerflex Stock Up 0.2 %

Shares of Enerflex stock traded up $0.02 on Friday, hitting $6.73. 306,778 shares of the company's stock traded hands, compared to its average volume of 273,717. Enerflex Ltd. has a 52-week low of $4.60 and a 52-week high of $10.61. 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 stock has a market cap of $834.91 million, a P/E ratio of -10.67 and a beta of 1.95. The firm's 50-day moving average is $7.68 and its 200 day moving average is $8.32.

Enerflex Cuts Dividend

The business 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 1.55%. 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.