Hillsdale Investment Management Inc. Buys 4,752,201 Shares of Enerflex Ltd. (NYSE:EFXT)

Hillsdale Investment Management Inc. lifted its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 3,307.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,895,901 shares of the company’s stock after acquiring an additional 4,752,201 shares during the quarter. Enerflex comprises about 2.5% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Hillsdale Investment Management Inc.’s holdings in Enerflex were worth $48,685,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in Enerflex during the third quarter worth approximately $65,000. West Tower Group LLC bought a new stake in Enerflex during the third quarter worth approximately $119,000. Quantbot Technologies LP bought a new stake in Enerflex during the fourth quarter worth approximately $127,000. Barclays PLC boosted its holdings in Enerflex by 2,616,800.0% during the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after buying an additional 26,168 shares in the last quarter. Finally, Versor Investments LP bought a new stake in Enerflex during the fourth quarter worth approximately $262,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Trading Down 1.0 %

Shares of NYSE:EFXT opened at $7.57 on Friday. The stock has a market capitalization of $939.14 million, a price-to-earnings ratio of -12.01 and a beta of 2.12. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company has a 50 day moving average price of $8.85 and a 200 day moving average price of $8.12.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, March 10th. Enerflex’s dividend 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.