Enerflex Ltd. (NYSE:EFXT) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 3,307.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,895,901 shares of the company's stock after buying an additional 4,752,201 shares during the period. Enerflex accounts for 2.5% of Hillsdale Investment Management Inc.'s investment portfolio, making the stock its 7th biggest position. Hillsdale Investment Management Inc. owned approximately 3.94% of Enerflex worth $48,685,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in Enerflex by 3.3% during the third 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. Geode Capital Management LLC increased its holdings in Enerflex by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company's stock valued at $364,000 after purchasing an additional 6,158 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Enerflex in the third quarter valued at about $65,000. Quantbot Technologies LP purchased a new stake in shares of Enerflex in the fourth quarter worth about $127,000. Finally, West Tower Group LLC purchased a new stake in shares of Enerflex during the 3rd quarter valued at about $119,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Down 2.6 %

NYSE:EFXT traded down $0.21 during trading hours on Wednesday, hitting $7.79. The stock had a trading volume of 224,368 shares, compared to its average volume of 273,535. The business has a 50 day simple moving average of $8.71 and a two-hundred day simple moving average of $8.19. 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 company has a market cap of $966.45 million, a PE ratio of -12.36 and a beta of 2.12.

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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 dividend of $0.026 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.34%. Enerflex's dividend payout ratio is presently 40.00%.

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.