Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Buys 5,000 Shares

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $5.16 per share, with a total value of $25,800.00. Following the transaction, the insider now directly owns 1,737,936 shares of the company's stock, valued at $8,967,749.76. The trade was a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 7th, Equinox Partners Investment Ma acquired 146,460 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $3.94 per share, for a total transaction of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma purchased 123,000 shares of Gran Tierra Energy stock. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $505,530.00.

Gran Tierra Energy Price Performance

Shares of NYSE GTE traded up $0.31 during mid-day trading on Wednesday, reaching $4.00. The company's stock had a trading volume of 816,261 shares, compared to its average volume of 313,511. The stock has a market capitalization of $143.56 million, a P/E ratio of 2.80 and a beta of 0.89. Gran Tierra Energy Inc. has a 1-year low of $3.37 and a 1-year high of $10.40. The stock has a 50-day moving average of $4.98 and a two-hundred day moving average of $6.05. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Analyst Ratings Changes

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

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Equinox Partners Investment Management LLC lifted its holdings 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 worth $24,511,000 after buying an additional 1,318,488 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Gran Tierra Energy in the fourth quarter valued at $13,557,000. American Century Companies Inc. boosted its holdings in Gran Tierra Energy by 11.9% in the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company's stock valued at $8,468,000 after purchasing an additional 124,138 shares during the period. LM Asset IM Inc. acquired a new position in Gran Tierra Energy during the 4th quarter worth $7,928,000. Finally, Renaissance Technologies LLC increased its holdings in Gran Tierra Energy by 22.7% during the 4th quarter. Renaissance Technologies LLC now owns 865,280 shares of the company's stock worth $6,256,000 after purchasing an additional 159,900 shares during the period. 31.70% of the stock is currently owned by hedge funds and other institutional investors.

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.