Moerus Capital Management LLC Sells 111,857 Shares of Enerflex Ltd. (NYSE:EFXT)

Moerus Capital Management LLC lessened its holdings in Enerflex Ltd. (NYSE:EFXT) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,796,705 shares of the company’s stock after selling 111,857 shares during the quarter. Enerflex makes up about 17.4% of Moerus Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Moerus Capital Management LLC owned about 3.86% of Enerflex worth $47,725,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Enerflex during the 3rd quarter worth approximately $65,000. Quantbot Technologies LP acquired a new stake in Enerflex in the fourth quarter worth $127,000. ExodusPoint Capital Management LP bought a new stake in Enerflex in the fourth quarter valued at $185,000. Pictet Asset Management Holding SA boosted its holdings in shares of Enerflex by 54.6% during the fourth 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 grew its position in shares of 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 acquiring an additional 26,168 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Enerflex Trading Down 13.6 %

Shares of NYSE:EFXT opened at $6.51 on Friday. Enerflex Ltd. has a fifty-two week low of $4.60 and a fifty-two week high of $10.61. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market cap of $807.55 million, a PE ratio of -10.33 and a beta of 1.95. The company’s 50-day moving average price is $8.32 and its 200 day moving average price is $8.29.

Enerflex Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given 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 dividend yield of 1.60%. Enerflex’s dividend payout ratio is presently 40.00%.

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.