Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Acquires $125,070.63 in Stock

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma acquired 33,531 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was purchased at an average cost of $3.73 per share, with a total value of $125,070.63. Following the completion of the acquisition, the insider now directly owns 1,937,651 shares of the company's stock, valued at approximately $7,227,438.23. This trade represents a 1.76 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, April 14th, Equinox Partners Investment Ma acquired 23,200 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $4.16 per share, for a total transaction of $96,512.00.
• 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 Friday, April 4th, Equinox Partners Investment Ma purchased 123,000 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.11 per share, for a total transaction of $505,530.00.
• 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, for a total transaction of $25,800.00.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock traded up $0.24 on Friday, reaching $4.74. 322,768 shares of the stock were exchanged, compared to its average volume of 311,961. The firm has a market capitalization of $170.26 million, a PE ratio of 3.32 and a beta of 0.89. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The business has a fifty day moving average price of $4.78 and a two-hundred day moving average price of $5.96. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71.

Institutional Investors Weigh In On Gran Tierra Energy

Institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its holdings in shares of Gran Tierra Energy by 13.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 49,972 shares of the company's stock valued at $246,000 after buying an additional 5,759 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in Gran Tierra Energy in the fourth quarter valued at $491,000. Jefferies Financial Group Inc. purchased a new stake in shares of Gran Tierra Energy during the 4th quarter worth $260,000. LM Asset IM Inc. acquired a new position in shares of Gran Tierra Energy during the 4th quarter worth $7,928,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Gran Tierra Energy in the fourth quarter valued at about $81,000. Hedge funds and other institutional investors own 31.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.