Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Buys 33,531 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma purchased 33,531 shares of the business’s stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of $3.73 per share, with a total value 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. This represents a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were 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 purchased 123,000 shares of Gran Tierra Energy stock. The stock was 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 acquired 5,000 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $5.16 per share, with a total value of $25,800.00.

Gran Tierra Energy Price Performance

Shares of Gran Tierra Energy stock opened at $4.13 on Tuesday. The stock has a 50 day moving average price of $4.87 and a 200-day moving average price of $6.01. Gran Tierra Energy Inc. has a one year low of $3.34 and a one year high of $10.40. The stock has a market cap of $148.22 million, a price-to-earnings ratio of 2.89 and a beta of 0.89. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Gran Tierra Energy during the 3rd quarter worth approximately $200,000. Barclays PLC increased its position in shares of Gran Tierra Energy by 25.6% during the third quarter. Barclays PLC now owns 33,755 shares of the company’s stock worth $211,000 after acquiring an additional 6,875 shares during the period. Perpetual Ltd boosted its holdings in shares of Gran Tierra Energy by 38.3% in the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company’s stock valued at $1,582,000 after purchasing an additional 60,536 shares during the period. R Squared Ltd bought a new position in Gran Tierra Energy in the fourth quarter worth approximately $68,000. Finally, Empowered Funds LLC increased its holdings in Gran Tierra Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 217,552 shares of the company’s stock worth $1,573,000 after purchasing an additional 10,485 shares during the period. Institutional investors own 31.70% of the company’s stock.

About Gran Tierra Energy

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.