10,897 Shares in Enerflex Ltd. (NYSE:EFXT) Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new stake in Enerflex Ltd. (NYSE:EFXT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,897 shares of the company’s stock, valued at approximately $65,000.

Several other large investors have also modified their holdings of EFXT. 1832 Asset Management L.P. raised its position in Enerflex by 16.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock valued at $55,819,000 after purchasing an additional 1,435,900 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Enerflex by 57.9% in the second quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock valued at $23,631,000 after buying an additional 1,606,236 shares during the last quarter. Taconic Capital Advisors LP boosted its stake in shares of 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 buying an additional 465,000 shares during the period. PCJ Investment Counsel Ltd. grew its holdings in shares of Enerflex by 14.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock worth $7,376,000 after buying an additional 152,990 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Enerflex by 3.0% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,036,274 shares of the company’s stock valued at $6,175,000 after acquiring an additional 29,830 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Stock Down 0.4 %

EFXT stock opened at $9.37 on Monday. The stock has a market capitalization of $1.16 billion, a PE ratio of -14.87 and a beta of 2.21. The company has a fifty day moving average of $8.10 and a 200-day moving average of $6.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. Enerflex Ltd. has a one year low of $4.31 and a one year high of $9.87.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be given a $0.0268 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a yield of 1.14%. This is an increase from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is presently -17.46%.

Analyst Upgrades and Downgrades

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

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.