Equinox Partners Investment Ma Purchases 146,460 Shares of Gran Tierra Energy Inc. (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma bought 146,460 shares of the stock in a transaction on Monday, April 7th. The shares were acquired at an average cost of $3.94 per share, with a total value of $577,052.40. Following the purchase, the insider now owns 1,566,517 shares of the company's stock, valued at approximately $6,172,076.98. This represents a 10.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Friday, April 4th, Equinox Partners Investment Ma purchased 123,000 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $4.11 per share, with a total value 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 Trading Up 5.6 %

Shares of Gran Tierra Energy stock traded up $0.21 on Friday, hitting $3.96. 174,481 shares of the company's stock traded hands, compared to its average volume of 313,095. Gran Tierra Energy Inc. has a one year low of $3.34 and a one year high of $10.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The company has a fifty day moving average of $4.91 and a two-hundred day moving average of $6.02. The company has a market capitalization of $142.12 million, a price-to-earnings ratio of 2.77 and a beta of 0.89.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Gran Tierra Energy

Several institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Gran Tierra Energy in the 4th quarter valued at $35,000. Private Trust Co. NA acquired a new stake in Gran Tierra Energy in the fourth quarter worth $51,000. Quarry LP bought a new stake in Gran Tierra Energy in the third quarter valued at $52,000. R Squared Ltd bought a new stake in Gran Tierra Energy in the fourth quarter valued at $68,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Gran Tierra Energy during the fourth quarter valued at about $81,000. 31.70% of the stock is owned by institutional investors and hedge funds.

Gran Tierra Energy Company Profile

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.