Gran Tierra Energy Inc. (NYSE:GTE) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 382,289 shares of the company's stock after selling 95,453 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.25% of Gran Tierra Energy worth $2,433,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in Gran Tierra Energy during the 3rd quarter valued at about $121,000. Aristides Capital LLC purchased a new position in Gran Tierra Energy during the second quarter valued at approximately $248,000. Exchange Traded Concepts LLC raised its stake in Gran Tierra Energy by 40.2% in the third quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company's stock worth $304,000 after buying an additional 13,874 shares in the last quarter. Quadrature Capital Ltd raised its stake in Gran Tierra Energy by 123.3% in the first quarter. Quadrature Capital Ltd now owns 60,056 shares of the company's stock worth $430,000 after buying an additional 33,167 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in Gran Tierra Energy during the second quarter worth $465,000. 31.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, CFO Ryan Ellson purchased 12,000 shares of the firm's stock in a transaction on Monday, September 30th. The stock was bought at an average cost of $6.29 per share, for a total transaction of $75,480.00. Following the completion of the purchase, the chief financial officer now owns 94,666 shares in the company, valued at $595,449.14. This represents a 14.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Guidry purchased 40,000 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the purchase, the chief executive officer now directly owns 525,672 shares of the company's stock, valued at approximately $3,211,855.92. The trade was a 8.24 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 67,000 shares of company stock valued at $410,330 over the last 90 days. Insiders own 7.06% of the company's stock.

Gran Tierra Energy Stock Down 5.3 %

Shares of NYSE:GTE traded down $0.34 during trading on Monday, reaching $6.03. The stock had a trading volume of 384,917 shares, compared to its average volume of 334,432. The firm's 50-day simple moving average is $6.33 and its 200 day simple moving average is $7.91. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. Gran Tierra Energy Inc. has a one year low of $4.72 and a one year high of $10.40. The company has a market capitalization of $184.82 million, a P/E ratio of 4.22 and a beta of 1.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gran Tierra Energy from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.

Gran Tierra Energy 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.