Equinox Partners Investment Ma Sells 347,990 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Key Points

• Equinox Partners Investment Management sold 347,990 Gran Tierra Energy shares at an average price of $9.31, generating approximately $3.24 million. The transaction reduced its position by 53.73%, leaving it with 299,625 shares.
• The sale was part of a broader series of disposals from August 5–14, totaling more than 2.8 million shares and over $27 million in proceeds.
• Gran Tierra shares rose 2.1% to $9.38, while analysts maintained a consensus “Buy” rating with an average price target of $9.72.

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma sold 347,990 shares of Gran Tierra Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.31, for a total value of $3,239,786.90. Following the transaction, the insider owned 299,625 shares of the company's stock, valued at $2,789,508.75. The trade was a 53.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Thursday, August 13th, Equinox Partners Investment Ma sold 326,959 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.23, for a total value of $3,017,831.57.
• On Wednesday, August 12th, Equinox Partners Investment Ma sold 165,377 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.49, for a total value of $1,569,427.73.
• On Tuesday, August 11th, Equinox Partners Investment Ma sold 248,510 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.30, for a total value of $2,311,143.00.
• On Monday, August 10th, Equinox Partners Investment Ma sold 113,705 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.08, for a total transaction of $1,032,441.40.
• On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.05, for a total transaction of $944,349.40.
• On Thursday, August 6th, Equinox Partners Investment Ma sold 1,093,712 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.16, for a total transaction of $10,018,401.92.
• On Wednesday, August 5th, Equinox Partners Investment Ma sold 506,288 shares of Gran Tierra Energy stock. The stock was sold at an average price of $10.60, for a total transaction of $5,366,652.80.

Gran Tierra Energy Stock Up 2.1%

Shares of NYSE GTE traded up $0.19 during midday trading on Monday, hitting $9.38. The stock had a trading volume of 479,275 shares, compared to its average volume of 703,735. The business's 50 day moving average is $7.24 and its 200-day moving average is $7.53. The company has a market cap of $331.86 million, a P/E ratio of 6.56 and a beta of 0.13. Gran Tierra Energy Inc. has a 52 week low of $3.09 and a 52 week high of $11.52. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Analyst Upgrades and Downgrades

Separately, Roth Capital restated a "buy" rating on shares of Gran Tierra Energy in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $9.72.

Institutional Investors Weigh In On Gran Tierra Energy

Hedge funds have recently added to or reduced their stakes in the stock. Equinox Partners Investment Management LLC increased its position in shares of Gran Tierra Energy by 25.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 6,381,471 shares of the company's stock valued at $27,057,000 after purchasing an additional 1,283,783 shares during the last quarter. LM Asset Management Inc. purchased a new stake in shares of Gran Tierra Energy during the 2nd quarter valued at about $27,283,875,000. Renaissance Technologies LLC boosted its stake in Gran Tierra Energy by 2.1% during the first quarter. Renaissance Technologies LLC now owns 776,680 shares of the company's stock worth $6,967,000 after buying an additional 16,300 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gran Tierra Energy by 2,226.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 604,377 shares of the company's stock worth $5,421,000 after buying an additional 578,397 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Gran Tierra Energy by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 559,360 shares of the company's stock worth $2,372,000 after purchasing an additional 5,098 shares during the last quarter. 31.70% of the stock is currently owned by hedge funds and other institutional investors.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.

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