Equinox Partners Investment Ma Buys 146,460 Shares of Gran Tierra Energy Inc. (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma purchased 146,460 shares of the business’s stock in a transaction on Monday, April 7th. The shares were bought at an average price of $3.94 per share, for a total transaction of $577,052.40. Following the purchase, the insider now directly owns 1,566,517 shares in the company, valued at $6,172,076.98. This represents a 10.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, April 4th, Equinox Partners Investment Ma purchased 123,000 shares of Gran Tierra Energy stock. The shares were purchased 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 Stock Performance

NYSE GTE traded down $0.28 on Tuesday, reaching $3.69. 450,177 shares of the company’s stock traded hands, compared to its average volume of 311,640. Gran Tierra Energy Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. The firm has a market cap of $132.43 million, a price-to-earnings ratio of 2.58 and a beta of 0.89. The stock has a 50 day moving average price of $5.13 and a 200-day moving average price of $6.12.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GTE. Encompass Capital Advisors LLC purchased a new position in shares of Gran Tierra Energy during the 4th quarter valued at approximately $13,557,000. Equinox Partners Investment Management LLC increased its holdings in Gran Tierra Energy by 63.6% in the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock valued at $24,511,000 after buying an additional 1,318,488 shares in the last quarter. LM Asset IM Inc. acquired a new position in shares of Gran Tierra Energy in the fourth quarter worth about $7,928,000. Bank of America Corp DE boosted its stake in shares of Gran Tierra Energy by 959.2% during the 4th quarter. Bank of America Corp DE now owns 277,168 shares of the company’s stock worth $2,004,000 after acquiring an additional 251,001 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Gran Tierra Energy during the 4th quarter valued at about $1,221,000. 31.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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.

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.