Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Buys $144,300.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma bought 30,000 shares of the stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of $4.81 per share, for a total transaction of $144,300.00. Following the completion of the transaction, the insider now directly owns 2,009,486 shares of the company's stock, valued at $9,665,627.66. This trade represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large 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, June 9th, Equinox Partners Investment Ma bought 18,441 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $4.75 per share, for a total transaction of $87,594.75.
• On Monday, April 21st, Equinox Partners Investment Ma bought 98,678 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $4.66 per share, for a total transaction of $459,839.48.
• On Wednesday, April 16th, Equinox Partners Investment Ma bought 45,158 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $4.59 per share, for a total transaction of $207,275.22.
• On Monday, April 14th, Equinox Partners Investment Ma bought 23,200 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $4.16 per share, for a total transaction of $96,512.00.
• On Thursday, April 10th, Equinox Partners Investment Ma purchased 33,531 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $3.73 per share, with a total value of $125,070.63.
• On Monday, April 7th, Equinox Partners Investment Ma purchased 146,460 shares of Gran Tierra Energy stock. The stock was bought at an average cost 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 bought 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, with a total value of $25,800.00.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock traded up $0.87 during trading hours on Friday, hitting $6.12. 995,263 shares of the company's stock traded hands, compared to its average volume of 288,160. Gran Tierra Energy Inc. has a 12-month low of $3.34 and a 12-month high of $10.40. The stock has a market capitalization of $216.21 million, a price-to-earnings ratio of 4.28 and a beta of 0.81. The company has a fifty day simple moving average of $4.61 and a 200-day simple moving average of $5.51. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GTE. Stifel Nicolaus began coverage on Gran Tierra Energy in a research report on Tuesday, May 13th. They issued a "buy" rating for the company. Wall Street Zen lowered Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Gran Tierra Energy during the 4th quarter worth $35,000. Private Trust Co. NA bought a new position in shares of Gran Tierra Energy during the 4th quarter worth $51,000. Lazard Asset Management LLC bought a new position in shares of Gran Tierra Energy during the 4th quarter worth $81,000. Hsbc Holdings PLC bought a new position in shares of Gran Tierra Energy during the 1st quarter worth $90,000. Finally, Payden & Rygel bought a new position in shares of Gran Tierra Energy during the 4th quarter worth $145,000. 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.