Insider Buying: Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Purchases 45,158 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma purchased 45,158 shares of the firm’s stock in a transaction on Wednesday, April 16th. The shares were acquired at an average price of $4.59 per share, with a total value of $207,275.22. Following the completion of the acquisition, the insider now owns 1,959,640 shares in the company, valued at approximately $8,994,747.60. This trade represents a 2.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major 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 14th, Equinox Partners Investment Ma purchased 23,200 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $4.16 per share, with a total value of $96,512.00.
• On Thursday, April 10th, Equinox Partners Investment Ma purchased 33,531 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $3.73 per share, for a total transaction of $125,070.63.
• 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, for a total transaction 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, 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 shares were acquired at an average cost of $5.16 per share, with a total value of $25,800.00.

Gran Tierra Energy Price Performance

Shares of NYSE:GTE opened at $4.55 on Tuesday. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The stock has a market cap of $163.29 million, a PE ratio of 3.18 and a beta of 0.89. The stock’s fifty day simple moving average is $4.76 and its two-hundred day simple moving average is $5.94.

Institutional Investors Weigh In On Gran Tierra Energy

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Gran Tierra Energy in the fourth quarter valued at approximately $35,000. Private Trust Co. NA purchased a new stake in shares of Gran Tierra Energy during the 4th quarter valued at $51,000. R Squared Ltd bought a new stake in shares of Gran Tierra Energy during the 4th quarter worth $68,000. Lazard Asset Management LLC purchased a new position in shares of Gran Tierra Energy in the 4th quarter worth about $81,000. Finally, Payden & Rygel bought a new position in Gran Tierra Energy during the fourth quarter valued at about $145,000. 31.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.