Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Buys 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 that occurred on Thursday, April 10th. The stock was acquired at an average price of $3.73 per share, for a total transaction of $125,070.63. Following the acquisition, the insider now directly owns 1,937,651 shares in the company, valued at $7,227,438.23. The trade was a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% 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 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 bought 123,000 shares of Gran Tierra Energy stock. The shares were acquired at an average cost 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 stock was bought at an average cost of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Stock Performance

Gran Tierra Energy stock opened at $4.24 on Wednesday. The firm’s 50 day simple moving average is $4.84 and its 200 day simple moving average is $5.99. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The firm has a market capitalization of $152.17 million, a PE ratio of 2.97 and a beta of 0.89.

Analyst Upgrades and Downgrades

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

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

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.