Timelo Investment Management Inc. Takes $2.04 Million Position in Enerflex Ltd. $EFXT

Timelo Investment Management Inc. acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 258,700 shares of the company’s stock, valued at approximately $2,041,000. Enerflex comprises 2.7% of Timelo Investment Management Inc.’s holdings, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baron Wealth Management LLC raised its position in shares of Enerflex by 31.7% during the second quarter. Baron Wealth Management LLC now owns 15,215 shares of the company’s stock valued at $120,000 after buying an additional 3,666 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Enerflex during the first quarter valued at approximately $130,000. NewEdge Advisors LLC raised its position in shares of Enerflex by 984.3% during the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Enerflex during the first quarter valued at approximately $192,000. Finally, Trexquant Investment LP bought a new stake in shares of Enerflex during the first quarter valued at approximately $235,000. Institutional investors own 46.47% of the company’s stock.

Enerflex Stock Down 2.9%

Shares of EFXT opened at $12.61 on Wednesday. The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.12 and a beta of 2.03. Enerflex Ltd. has a 12-month low of $6.18 and a 12-month high of $13.01. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $11.08 and a 200-day moving average price of $8.96.

Enerflex (NYSE:EFXT) last issued its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. The firm had revenue of $615.00 million during the quarter, compared to analyst estimates of $555.24 million. Enerflex had a net margin of 5.54% and a return on equity of 10.21%. Equities research analysts expect that Enerflex Ltd. will post 0.25 earnings per share for the current year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.0375 dividend. The ex-dividend date was Monday, August 18th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.2%. Enerflex’s dividend payout ratio is presently 10.58%.

Wall Street Analyst Weigh In

EFXT has been the subject of a number of recent research reports. Raymond James Financial reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. BMO Capital Markets reissued an “outperform” rating on shares of Enerflex in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerflex in a report on Wednesday, October 8th. Wall Street Zen raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Enerflex from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.13.

Enerflex Company 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.