Equinox Partners Investment Management LLC grew its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 159.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,071,626 shares of the company's stock after purchasing an additional 1,271,680 shares during the period. Gran Tierra Energy makes up 8.9% of Equinox Partners Investment Management LLC's investment portfolio, making the stock its 4th largest holding. Equinox Partners Investment Management LLC owned approximately 6.61% of Gran Tierra Energy worth $12,989,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Gran Tierra Energy by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company's stock worth $1,998,000 after purchasing an additional 10,000 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in Gran Tierra Energy during the first quarter worth about $85,000. Exchange Traded Concepts LLC boosted its stake in Gran Tierra Energy by 40.2% during the third quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company's stock worth $304,000 after acquiring an additional 13,874 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Gran Tierra Energy by 2.6% in the second quarter. Renaissance Technologies LLC now owns 780,180 shares of the company's stock worth $7,544,000 after purchasing an additional 20,100 shares during the period. Finally, Aristides Capital LLC bought a new position in shares of Gran Tierra Energy during the second quarter valued at approximately $248,000. Hedge funds and other institutional investors own 31.70% of the company's stock.
Insider Buying and Selling
In other Gran Tierra Energy news, CEO Gary Guidry purchased 40,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $6.11 per share, with a total value of $244,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 525,672 shares in the company, valued at $3,211,855.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Gary Guidry acquired 40,000 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $6.11 per share, with a total value of $244,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 525,672 shares of the company's stock, valued at approximately $3,211,855.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ryan Ellson bought 12,000 shares of the company's stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average price of $6.29 per share, for a total transaction of $75,480.00. Following the acquisition, the chief financial officer now directly owns 94,666 shares of the company's stock, valued at $595,449.14. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 67,000 shares of company stock worth $410,330 in the last three months. Insiders own 6.45% of the company's stock.
Gran Tierra Energy Stock Performance
Shares of GTE traded down $0.06 during trading hours on Friday, hitting $6.25. The company had a trading volume of 260,017 shares, compared to its average volume of 343,012. The stock has a market capitalization of $195.83 million, a PE ratio of 62.50 and a beta of 1.55. The company's fifty day moving average is $6.86. Gran Tierra Energy Inc. has a 52-week low of $4.72 and a 52-week high of $10.40. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38.
Gran Tierra Energy (NYSE:GTE - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter. The business had revenue of $165.61 million during the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%.
Analyst Ratings Changes
Separately, StockNews.com downgraded Gran Tierra Energy from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 5th.
Check Out Our Latest Analysis on GTE
Gran Tierra Energy Profile
(
Free Report)
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.
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