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

Versor Investments LP bought a new position in shares of Enerflex Ltd. (NYSE:EFXT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,300 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Canoe Financial LP raised its stake in shares of Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock valued at $82,342,000 after buying an additional 768,210 shares during the last quarter. Taconic Capital Advisors LP grew its holdings in Enerflex by 35.6% during the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock worth $10,559,000 after acquiring an additional 465,000 shares during the period. K.J. Harrison & Partners Inc raised its position in Enerflex by 100.4% during the fourth quarter. K.J. Harrison & Partners Inc now owns 471,919 shares of the company’s stock valued at $4,795,000 after acquiring an additional 236,419 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its holdings in Enerflex by 14.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock valued at $7,376,000 after acquiring an additional 152,990 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in Enerflex in the fourth quarter valued at approximately $1,364,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Enerflex Stock Performance

Enerflex stock opened at $7.54 on Tuesday. The firm has a 50 day simple moving average of $9.64 and a 200-day simple moving average of $7.99. The stock has a market cap of $936.04 million, a price-to-earnings ratio of -11.97 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex Ltd. has a 1-year low of $4.59 and a 1-year high of $10.61.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid 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 yield of 1.38%. Enerflex’s dividend payout ratio (DPR) is 40.00%.

About Enerflex

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.