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

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma purchased 30,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of $4.81 per share, with a total value of $144,300.00. Following the purchase, the insider now owns 2,009,486 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. 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, June 9th, Equinox Partners Investment Ma purchased 18,441 shares of Gran Tierra Energy stock. The stock was acquired at an average cost of $4.75 per share, with a total value of $87,594.75.
• On Monday, April 21st, Equinox Partners Investment Ma bought 98,678 shares of Gran Tierra Energy stock. The shares were bought at an average price of $4.66 per share, for a total transaction of $459,839.48.
• On Wednesday, April 16th, Equinox Partners Investment Ma purchased 45,158 shares of Gran Tierra Energy stock. The shares were bought at an average price of $4.59 per share, with a total value of $207,275.22.
• On Monday, April 14th, Equinox Partners Investment Ma bought 23,200 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $4.16 per share, with a total value of $96,512.00.
• On Thursday, April 10th, Equinox Partners Investment Ma purchased 33,531 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $3.73 per share, for a total transaction of $125,070.63.
• On Monday, April 7th, Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock. The stock was acquired 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 acquired 123,000 shares of Gran Tierra Energy stock. The shares were 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 shares were bought at an average cost of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Stock Up 4.8%

GTE stock traded up $0.23 during midday trading on Wednesday, hitting $5.06. 385,169 shares of the company's stock were exchanged, compared to its average volume of 285,133. The firm has a 50 day moving average price of $4.53 and a 200-day moving average price of $5.51. 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 $178.76 million, a price-to-earnings ratio of 3.54 and a beta of 0.81. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GTE shares. Stifel Nicolaus started coverage on shares of Gran Tierra Energy in a research note on Tuesday, May 13th. They set a "buy" rating for the company. Wall Street Zen cut shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Gran Tierra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of GTE. Cetera Investment Advisers raised its position in Gran Tierra Energy by 4.7% during the fourth quarter. Cetera Investment Advisers now owns 55,899 shares of the company's stock valued at $404,000 after buying an additional 2,484 shares during the period. Invesco Ltd. raised its position in shares of Gran Tierra Energy by 1.0% in the fourth quarter. Invesco Ltd. now owns 286,960 shares of the company's stock valued at $2,075,000 after purchasing an additional 2,846 shares during the period. Quantbot Technologies LP acquired a new position in Gran Tierra Energy during the 4th quarter worth $35,000. Exchange Traded Concepts LLC boosted its stake in Gran Tierra Energy by 13.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 49,972 shares of the company's stock valued at $246,000 after purchasing an additional 5,759 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Gran Tierra Energy by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company's stock valued at $484,000 after buying an additional 6,015 shares during the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

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.