Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Buys $505,530.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma acquired 123,000 shares of Gran Tierra Energy stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $4.11 per share, with a total value of $505,530.00. Following the completion of the transaction, the insider now directly owns 1,855,436 shares in the company, valued at $7,625,841.96. This represents a 7.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Monday, April 7th, Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $3.94 per share, with a total value of $577,052.40.
• On Wednesday, April 2nd, Equinox Partners Investment Ma bought 5,000 shares of Gran Tierra Energy stock. The stock was bought at an average price of $5.16 per share, with a total value of $25,800.00.

Gran Tierra Energy Price Performance

NYSE GTE traded up $0.21 on Friday, reaching $3.96. 174,481 shares of the company's stock traded hands, compared to its average volume of 313,095. The stock has a market cap of $142.12 million, a PE ratio of 2.77 and a beta of 0.89. Gran Tierra Energy Inc. has a 12 month low of $3.34 and a 12 month high of $10.40. The stock has a 50-day simple moving average of $4.91 and a 200 day simple moving average of $6.02. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC purchased a new position in Gran Tierra Energy during the fourth quarter valued at $13,557,000. Equinox Partners Investment Management LLC lifted its position in Gran Tierra Energy by 63.6% during the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock valued at $24,511,000 after acquiring an additional 1,318,488 shares during the period. LM Asset IM Inc. bought a new stake in Gran Tierra Energy during the fourth quarter worth about $7,928,000. Bank of America Corp DE grew its holdings in Gran Tierra Energy by 959.2% in the fourth quarter. Bank of America Corp DE now owns 277,168 shares of the company's stock worth $2,004,000 after purchasing an additional 251,001 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Gran Tierra Energy during the fourth quarter valued at approximately $1,221,000. Hedge funds and other institutional investors own 31.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.