Cresset Asset Management LLC Buys Shares of 65,250 Gran Tierra Energy Inc. (NYSE:GTE)

Cresset Asset Management LLC acquired a new position in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 65,250 shares of the company's stock, valued at approximately $472,000. Cresset Asset Management LLC owned about 0.21% of Gran Tierra Energy as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GTE. Quantbot Technologies LP purchased a new position in Gran Tierra Energy during the fourth quarter worth about $35,000. Private Trust Co. NA purchased a new position in shares of Gran Tierra Energy during the 4th quarter worth approximately $51,000. R Squared Ltd purchased a new position in shares of Gran Tierra Energy during the 4th quarter worth approximately $68,000. Payden & Rygel acquired a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $145,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Gran Tierra Energy in the fourth quarter valued at approximately $192,000. Institutional investors and hedge funds own 31.70% of the company's stock.

Gran Tierra Energy Price Performance

GTE stock traded down $0.06 during midday trading on Tuesday, hitting $4.78. 34,508 shares of the stock were exchanged, compared to its average volume of 292,985. 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 stock has a market cap of $168.87 million, a price-to-earnings ratio of 3.36 and a beta of 0.71. Gran Tierra Energy Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $10.40. The stock's 50-day moving average price is $4.58 and its 200-day moving average price is $5.68.

Insider Buying and Selling

In related news, major shareholder Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $3.94 per share, with a total value of $577,052.40. Following the purchase, the insider now owns 1,566,517 shares in the company, valued at $6,172,076.98. This represents a 10.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired 476,527 shares of company stock worth $2,003,350 in the last three months. Corporate insiders own 6.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com cut Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Stifel Nicolaus assumed coverage on shares of Gran Tierra Energy in a report on Tuesday, May 13th. They issued a "buy" rating for the company.

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.