B. Riley Wealth Advisors Inc. Buys Shares of 10,897 Enerflex Ltd. (NYSE:EFXT)

B. Riley Wealth Advisors Inc. purchased a new position in shares of Enerflex Ltd. (NYSE:EFXT) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 10,897 shares of the company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearbridge Investments LLC raised its holdings in Enerflex by 16.3% during the second quarter. Clearbridge Investments LLC now owns 567,366 shares of the company’s stock worth $3,064,000 after purchasing an additional 79,419 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Enerflex in the third quarter valued at $730,000. Marshall Wace LLP raised its stake in shares of Enerflex by 183.4% during the 2nd quarter. Marshall Wace LLP now owns 218,505 shares of the company’s stock worth $1,180,000 after buying an additional 141,393 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Enerflex by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company’s stock worth $965,000 after buying an additional 7,700 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Enerflex in the 3rd quarter valued at about $344,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their target price on shares of 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 $9.37 on Monday. Enerflex Ltd. has a fifty-two week low of $4.31 and a fifty-two week high of $9.87. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -14.87 and a beta of 2.21. The stock has a fifty day moving average of $8.10 and a two-hundred 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 Increases Dividend

The business 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 dividend of $0.0268 per share. This represents a $0.11 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is currently -17.46%.

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.