451,038 Shares in Enerflex Ltd. (NYSE:EFXT) Bought by National Bank of Canada FI

National Bank of Canada FI acquired a new stake in Enerflex Ltd. (NYSE:EFXT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 451,038 shares of the company's stock, valued at approximately $4,495,000. National Bank of Canada FI owned approximately 0.36% of Enerflex as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hillsdale Investment Management Inc. increased its holdings in shares of Enerflex by 3,307.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company's stock worth $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 Enerflex during the 4th quarter worth $43,935,000. Canoe Financial LP increased its holdings in Enerflex by 10.2% in the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock worth $82,342,000 after purchasing an additional 768,210 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Enerflex in the fourth quarter valued at about $5,871,000. Finally, K.J. Harrison & Partners Inc boosted its position in Enerflex by 100.4% during the 4th quarter. K.J. Harrison & Partners Inc now owns 471,919 shares of the company's stock worth $4,795,000 after buying an additional 236,419 shares during the period. Institutional investors own 46.47% of the company's stock.

Enerflex Trading Up 1.6 %

NYSE EFXT traded up $0.11 on Friday, hitting $6.53. The company's stock had a trading volume of 215,563 shares, compared to its average volume of 268,914. The firm has a market cap of $810.03 million, a PE ratio of -10.36 and a beta of 1.95. The company's 50-day moving average is $7.91 and its 200 day moving average is $8.31. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61.

Enerflex Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.026 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.10 dividend on an annualized basis and a yield of 1.59%. Enerflex's payout ratio is 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.