Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Buys 23,200 Shares

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma purchased 23,200 shares of the firm's stock in a transaction on Monday, April 14th. The stock was bought at an average cost of $4.16 per share, with a total value of $96,512.00. Following the completion of the acquisition, the insider now directly owns 1,948,119 shares of the company's stock, valued at $8,104,175.04. This trade represents a 1.21 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Thursday, April 10th, Equinox Partners Investment Ma purchased 33,531 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $3.73 per share, for a total transaction of $125,070.63.
• On Monday, April 7th, Equinox Partners Investment Ma purchased 146,460 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $3.94 per share, for a total transaction of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma bought 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 purchased at an average price of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Price Performance

NYSE GTE traded up $0.24 during trading hours on Friday, hitting $4.74. 322,768 shares of the company's stock traded hands, compared to its average volume of 311,961. The company has a market capitalization of $170.26 million, a PE ratio of 3.32 and a beta of 0.89. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy Inc. has a 52-week low of $3.34 and a 52-week high of $10.40. The firm's 50-day moving average is $4.78 and its 200-day moving average is $5.96.

Institutional Investors Weigh In On Gran Tierra Energy

Several hedge funds and other institutional investors have recently made changes to their positions in GTE. Quantbot Technologies LP acquired a new stake in shares of Gran Tierra Energy in the 4th quarter worth $35,000. Private Trust Co. NA purchased a new stake in Gran Tierra Energy in the fourth quarter valued at approximately $51,000. R Squared Ltd acquired a new position in Gran Tierra Energy during the 4th quarter worth about $68,000. Lazard Asset Management LLC acquired a new stake in Gran Tierra Energy during the 4th quarter worth approximately $81,000. Finally, Payden & Rygel acquired a new position in shares of Gran Tierra Energy during the fourth quarter worth about $145,000. Institutional investors and hedge funds own 31.70% of the company's stock.

Wall Street Analyst Weigh In

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

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.