48,540 Shares in Enerflex Ltd. (NYSE:EFXT) Bought by Aristides Capital LLC

Aristides Capital LLC acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,540 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Scotia Capital Inc. bought a new stake in shares of Enerflex during the 4th quarter valued at about $81,000. Acadian Asset Management LLC lifted its position in Enerflex by 17,674.4% during the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after purchasing an additional 15,200 shares during the last quarter. Avidian Wealth Solutions LLC bought a new stake in Enerflex during the first quarter valued at approximately $90,000. Fiera Capital Corp grew its stake in Enerflex by 117.0% in the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after buying an additional 13,390 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Enerflex by 24.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after buying an additional 6,325 shares during the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Up 0.2 %

Shares of EFXT opened at $5.96 on Tuesday. The firm has a market cap of $739.31 million, a P/E ratio of -6.70 and a beta of 2.01. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93. Enerflex Ltd. has a 1 year low of $3.94 and a 1 year high of $6.39. The stock has a 50 day simple moving average of $5.66 and a two-hundred day simple moving average of $5.54.

Enerflex (NYSE:EFXT) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Enerflex had a negative return on equity of 1.86% and a negative net margin of 4.25%. The firm had revenue of $614.00 million during the quarter, compared to the consensus estimate of $554.20 million. On average, analysts forecast that Enerflex Ltd. will post 0.18 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd will be given a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, August 22nd. Enerflex’s payout ratio is -7.87%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price objective on shares of Enerflex from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, August 9th.

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.