Main Street Financial Solutions LLC Has $1.99 Million Stock Holdings in Gran Tierra Energy Inc. (NYSE:GTE)

Main Street Financial Solutions LLC decreased its position in Gran Tierra Energy Inc. (NYSE:GTE) by 29.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,630 shares of the company’s stock after selling 133,773 shares during the period. Main Street Financial Solutions LLC owned about 1.03% of Gran Tierra Energy worth $1,985,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Equinox Partners Investment Management LLC boosted its position in shares of Gran Tierra Energy by 159.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 2,071,626 shares of the company’s stock valued at $12,989,000 after acquiring an additional 1,271,680 shares in the last quarter. American Century Companies Inc. boosted its holdings in Gran Tierra Energy by 46.8% during the second quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after purchasing an additional 231,595 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at approximately $696,000. Quest Partners LLC bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at approximately $465,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Gran Tierra Energy by 76.5% in the 3rd quarter. GSA Capital Partners LLP now owns 101,047 shares of the company’s stock worth $634,000 after buying an additional 43,795 shares in the last quarter. Institutional investors own 31.70% of the company’s stock.

Gran Tierra Energy Stock Performance

Shares of NYSE:GTE remained flat at $6.09 during mid-day trading on Wednesday. 195,862 shares of the company were exchanged, compared to its average volume of 335,598. The company’s fifty day simple moving average is $6.34. Gran Tierra Energy Inc. has a 1-year low of $4.72 and a 1-year high of $10.40. The firm has a market capitalization of $186.66 million, a P/E ratio of 4.23 and a beta of 1.56. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling at Gran Tierra Energy

In other news, CEO Gary Guidry purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were bought at an average cost of $6.03 per share, for a total transaction of $90,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 440,672 shares in the company, valued at approximately $2,657,252.16. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gary Guidry purchased 15,000 shares of Gran Tierra Energy stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of $6.03 per share, with a total value of $90,450.00. Following the completion of the transaction, the chief executive officer now owns 440,672 shares of the company’s stock, valued at approximately $2,657,252.16. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ryan Ellson purchased 12,000 shares of the stock in a transaction on Monday, September 30th. The shares were bought at an average cost of $6.29 per share, for a total transaction of $75,480.00. Following the transaction, the chief financial officer now directly owns 94,666 shares in the company, valued at approximately $595,449.14. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 67,000 shares of company stock valued at $410,330. Corporate insiders own 7.06% of the company’s stock.

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.