Versor Investments LP Takes Position in Enerflex Ltd. (NYSE:EFXT)

Versor Investments LP acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,300 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors also recently bought and sold shares of the business. Canoe Financial LP lifted its holdings in Enerflex by 10.2% during the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock worth $82,342,000 after buying an additional 768,210 shares during the period. Taconic Capital Advisors LP lifted its stake in shares of Enerflex by 35.6% during the 3rd quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock worth $10,559,000 after purchasing an additional 465,000 shares during the last quarter. K.J. Harrison & Partners Inc lifted its stake in shares of 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 purchasing an additional 236,419 shares during the last quarter. PCJ Investment Counsel Ltd. boosted its position in Enerflex by 14.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock valued at $7,376,000 after purchasing an additional 152,990 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Enerflex in the fourth quarter valued at about $1,364,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price target on shares of Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Enerflex Price Performance

NYSE EFXT opened at $7.54 on Tuesday. Enerflex Ltd. has a 12-month low of $4.59 and a 12-month high of $10.61. The firm’s fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $7.99. 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 firm has a market capitalization of $936.04 million, a P/E ratio of -11.97 and a beta of 2.01.

Enerflex Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.026 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.38%. Enerflex’s dividend payout ratio (DPR) is currently 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.