Janus Henderson Group PLC Takes $1.22 Million Position in Gran Tierra Energy Inc. (NYSE:GTE)

Janus Henderson Group PLC purchased a new stake in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 168,883 shares of the company's stock, valued at approximately $1,221,000. Janus Henderson Group PLC owned approximately 0.55% of Gran Tierra Energy at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GTE. Encompass Capital Advisors LLC purchased a new position in shares of Gran Tierra Energy in the 4th quarter worth about $13,557,000. Equinox Partners Investment Management LLC raised its stake in shares of Gran Tierra Energy by 63.6% during the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock worth $24,511,000 after acquiring an additional 1,318,488 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Gran Tierra Energy by 959.2% during the 4th quarter. Bank of America Corp DE now owns 277,168 shares of the company's stock valued at $2,004,000 after purchasing an additional 251,001 shares during the last quarter. Renaissance Technologies LLC raised its position in Gran Tierra Energy by 22.7% in the 4th quarter. Renaissance Technologies LLC now owns 865,280 shares of the company's stock worth $6,256,000 after purchasing an additional 159,900 shares during the period. Finally, American Century Companies Inc. lifted its stake in Gran Tierra Energy by 11.9% in the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company's stock worth $8,468,000 after purchasing an additional 124,138 shares during the last quarter. 31.70% of the stock is currently owned by institutional investors.

Insider Activity at Gran Tierra Energy

In other news, major shareholder Equinox Partners Investment Ma purchased 5,000 shares of the company's stock in a transaction that occurred 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 purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have purchased 476,527 shares of company stock worth $2,003,350. Corporate insiders own 6.45% of the company's stock.

Gran Tierra Energy Stock Up 0.4%

Shares of Gran Tierra Energy stock traded up $0.02 during trading on Wednesday, hitting $4.78. The company's stock had a trading volume of 8,945 shares, compared to its average volume of 289,620. Gran Tierra Energy Inc. has a 52 week low of $3.34 and a 52 week high of $10.40. The company has a market capitalization of $168.87 million, a PE ratio of 3.33 and a beta of 0.71. The company has a fifty day simple moving average of $4.55 and a two-hundred day simple moving average of $5.61. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Analyst Ratings Changes

A number of research firms have recently weighed in on GTE. Stifel Nicolaus initiated coverage on Gran Tierra Energy in a research note on Tuesday, May 13th. They set a "buy" rating for the company. 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.

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.