Equinox Partners Investment Ma Sells 248,510 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 248,510 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $9.30, for a total transaction of $2,311,143.00. Following the sale, the insider owned 372,095 shares of the company’s stock, valued at $3,460,483.50. This trade represents a 40.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 12th, Equinox Partners Investment Ma sold 165,377 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.49, for a total value of $1,569,427.73.
• On Monday, August 10th, Equinox Partners Investment Ma sold 113,705 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.08, for a total value of $1,032,441.40.
• On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.05, for a total value 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 value of $10,018,401.92.
• On Wednesday, August 5th, Equinox Partners Investment Ma sold 506,288 shares of Gran Tierra Energy stock. The shares were sold at an average price of $10.60, for a total value of $5,366,652.80.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock traded up $0.15 during midday trading on Thursday, hitting $9.50. The company had a trading volume of 1,016,250 shares, compared to its average volume of 704,543. The business’s 50 day simple moving average is $7.18 and its two-hundred day simple moving average is $7.48. The stock has a market cap of $336.11 million, a PE ratio of 6.64 and a beta of 0.13. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy Inc. has a 1-year low of $3.09 and a 1-year high of $11.52.

Institutional Investors Weigh In On Gran Tierra Energy

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in shares of Gran Tierra Energy by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company’s stock valued at $484,000 after acquiring an additional 6,015 shares in the last quarter. Empowered Funds LLC boosted its holdings in Gran Tierra Energy by 7.2% during the first quarter. Empowered Funds LLC now owns 233,271 shares of the company’s stock valued at $1,150,000 after purchasing an additional 15,719 shares in the last quarter. Creative Planning bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at approximately $117,000. XTX Topco Ltd bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at approximately $92,000. Finally, Marshall Wace LLP acquired a new position in shares of Gran Tierra Energy in the 2nd quarter worth approximately $97,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Capital reiterated 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 assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.