Wealthedge Investment Advisors LLC Makes New $491,000 Investment in Gran Tierra Energy Inc. (NYSE:GTE)

Wealthedge Investment Advisors LLC acquired a new stake in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 67,958 shares of the company's stock, valued at approximately $491,000. Wealthedge Investment Advisors LLC owned 0.19% of Gran Tierra Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GTE. Equinox Partners Investment Management LLC boosted its holdings in shares of Gran Tierra Energy by 63.6% during the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock worth $24,511,000 after purchasing an additional 1,318,488 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Gran Tierra Energy in the fourth quarter valued at $481,000. Renaissance Technologies LLC boosted its stake in Gran Tierra Energy by 22.7% in the fourth quarter. Renaissance Technologies LLC now owns 865,280 shares of the company's stock valued at $6,256,000 after acquiring an additional 159,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gran Tierra Energy by 29.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 271,690 shares of the company's stock worth $1,964,000 after buying an additional 61,121 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Gran Tierra Energy during the fourth quarter worth about $829,000. Hedge funds and other institutional investors own 31.70% of the company's stock.

Insider Activity at Gran Tierra Energy

In related news, major shareholder Equinox Partners Investment Ma bought 5,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $5.16 per share, with a total value of $25,800.00. Following the completion of the acquisition, the insider now owns 1,737,936 shares in the company, valued at approximately $8,967,749.76. This represents a 0.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 476,527 shares of company stock worth $2,003,350 over the last 90 days. Company insiders own 6.45% of the company's stock.

Gran Tierra Energy Stock Performance

Shares of GTE remained flat at $4.77 during mid-day trading on Friday. 105,108 shares of the stock traded hands, compared to its average volume of 286,783. 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 cap of $168.52 million, a price-to-earnings ratio of 3.34 and a beta of 0.71. Gran Tierra Energy Inc. has a twelve month low of $3.34 and a twelve month high of $10.40. The company has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $5.60.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GTE shares. Wall Street Zen downgraded shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. 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.

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.