Enerflex Ltd. (NYSE:EFXT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Enerflex Ltd. (NYSE:EFXT - Free Report) by 81.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,179 shares of the company's stock after selling 184,899 shares during the quarter. Jane Street Group LLC's holdings in Enerflex were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC increased its stake in shares of Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock worth $81,000 after purchasing an additional 15,200 shares in the last quarter. West Tower Group LLC purchased a new stake in Enerflex during the 3rd quarter worth approximately $119,000. Net Worth Advisory Group acquired a new position in shares of Enerflex during the third quarter valued at approximately $146,000. Aristides Capital LLC purchased a new position in shares of Enerflex in the second quarter valued at approximately $262,000. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Enerflex by 15.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company's stock worth $455,000 after acquiring an additional 9,975 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex Trading Down 5.0 %

Shares of NYSE EFXT traded down $0.51 during trading on Friday, reaching $9.79. The stock had a trading volume of 392,562 shares, compared to its average volume of 462,852. The business's 50-day moving average price is $9.15 and its 200-day moving average price is $6.99. Enerflex Ltd. has a fifty-two week low of $4.34 and a fifty-two week high of $10.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market cap of $1.21 billion, a P/E ratio of -15.54 and a beta of 2.04.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be paid a $0.0268 dividend. This is an increase from Enerflex's previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 annualized dividend and a dividend yield of 1.09%. Enerflex's payout ratio is -17.46%.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price objective on shares of Enerflex from $9.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, November 15th.

Enerflex 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.