Cresset Asset Management LLC Invests $472,000 in Gran Tierra Energy Inc. (NYSE:GTE)

Cresset Asset Management LLC purchased a new position in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 SEC filing.

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

Gran Tierra Energy Stock Down 5.2%

GTE opened at $5.06 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The stock has a market capitalization of $178.76 million, a price-to-earnings ratio of 3.54 and a beta of 0.71. The business has a 50-day moving average of $4.57 and a two-hundred day moving average of $5.72. Gran Tierra Energy Inc. has a 12 month low of $3.34 and a 12 month high of $10.40.

Insider Buying and Selling at Gran Tierra Energy

In other news, major shareholder Equinox Partners Investment Ma bought 123,000 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $4.11 per share, for a total transaction of $505,530.00. Following the acquisition, the insider now owns 1,855,436 shares of the company's stock, valued at $7,625,841.96. This trade represents a 7.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 476,527 shares of company stock worth $2,003,350 in the last 90 days. 6.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

GTE has been the subject of several analyst reports. StockNews.com downgraded shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Stifel Nicolaus initiated coverage on shares of Gran Tierra Energy in a research note on Tuesday. They issued a "buy" rating for the company.

Gran Tierra Energy 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.

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