Equinox Partners Investment Ma Sells 113,705 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 113,705 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $9.08, for a total transaction of $1,032,441.40. Following the completion of the transaction, the insider directly owned 393,527 shares in the company, valued at $3,573,225.16. The trade was a 22.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.05, for a total transaction of $944,349.40.
• On Thursday, August 6th, Equinox Partners Investment Ma sold 1,093,712 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.16, for a total transaction of $10,018,401.92.
• On Wednesday, August 5th, Equinox Partners Investment Ma sold 506,288 shares of Gran Tierra Energy stock. The stock was sold at an average price of $10.60, for a total transaction of $5,366,652.80.

Gran Tierra Energy Stock Down 1.9%

GTE opened at $9.35 on Thursday. The business’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.48. Gran Tierra Energy Inc. has a 52 week low of $3.09 and a 52 week high of $11.52. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The stock has a market cap of $330.80 million, a PE ratio of 6.54 and a beta of 0.13.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GTE. Bank of America Corp DE lifted its stake in shares of Gran Tierra Energy by 270.3% in the 2nd quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after acquiring an additional 11,651 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Gran Tierra Energy during the 4th quarter worth approximately $81,000. nVerses Capital LLC purchased a new position in Gran Tierra Energy in the 4th quarter worth approximately $84,000. XTX Topco Ltd purchased a new position in Gran Tierra Energy in the 2nd quarter worth approximately $92,000. Finally, Marshall Wace LLP bought a new stake in Gran Tierra Energy in the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Capital reissued a “buy” rating on shares of Gran Tierra Energy in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Gran Tierra Energy has an average rating of “Buy” and a consensus target price of $9.72.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.