Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Purchases 33,531 Shares

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma bought 33,531 shares of the stock in a transaction on Thursday, April 10th. The shares were bought at an average price of $3.73 per share, with a total value of $125,070.63. Following the acquisition, the insider now owns 1,937,651 shares of the company’s stock, valued at $7,227,438.23. This trade represents a 1.76 % 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. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Monday, April 7th, Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $3.94 per share, with a total value of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma acquired 123,000 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $4.11 per share, with a total value of $505,530.00.
• On Wednesday, April 2nd, Equinox Partners Investment Ma purchased 5,000 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Price Performance

NYSE GTE opened at $4.13 on Tuesday. The company has a market cap of $148.22 million, a price-to-earnings ratio of 2.89 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. The stock’s fifty day moving average price is $4.87 and its 200 day moving average price is $6.01. Gran Tierra Energy Inc. has a 1 year low of $3.34 and a 1 year high of $10.40.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GTE. Quantbot Technologies LP acquired a new stake in shares of Gran Tierra Energy during the fourth quarter worth about $35,000. Private Trust Co. NA acquired a new stake in Gran Tierra Energy during the 4th quarter valued at approximately $51,000. R Squared Ltd acquired a new position in Gran Tierra Energy during the fourth quarter valued at $68,000. Lazard Asset Management LLC purchased a new stake in Gran Tierra Energy in the fourth quarter valued at $81,000. Finally, Payden & Rygel acquired a new stake in Gran Tierra Energy during the 4th quarter worth about $145,000. 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.