Scotia Capital Inc. Takes Position in Enerflex Ltd. (NYSE:EFXT)

Scotia Capital Inc. purchased a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 20,802 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also modified their holdings of EFXT. B. Riley Wealth Advisors Inc. purchased a new position in Enerflex during the third quarter worth approximately $65,000. Quantbot Technologies LP purchased a new position in shares of Enerflex during the 4th quarter valued at approximately $127,000. ExodusPoint Capital Management LP acquired a new stake in Enerflex in the 4th quarter valued at $185,000. Pictet Asset Management Holding SA grew its stake in Enerflex by 54.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company’s stock valued at $250,000 after acquiring an additional 8,870 shares during the period. Finally, Barclays PLC increased its holdings in Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after acquiring an additional 26,168 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Up 3.3 %

Shares of NYSE EFXT opened at $6.76 on Wednesday. The firm has a market cap of $838.63 million, a price-to-earnings ratio of -10.72 and a beta of 1.95. The company’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $8.32. 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 52-week low of $4.60 and a 52-week high of $10.61.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 yield of 1.54%. 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.