Janus Henderson Group PLC Purchases Shares of 168,883 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 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 168,883 shares of the company's stock, valued at approximately $1,221,000. Janus Henderson Group PLC owned about 0.55% of Gran Tierra Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Cetera Investment Advisers increased its holdings in Gran Tierra Energy by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 55,899 shares of the company's stock valued at $404,000 after purchasing an additional 2,484 shares during the period. Invesco Ltd. increased its stake 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 buying an additional 2,846 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Gran Tierra Energy in the fourth quarter valued at about $35,000. Private Trust Co. NA bought a new position in shares of Gran Tierra Energy during the fourth quarter worth about $51,000. Finally, Bridgeway Capital Management LLC lifted its stake in shares of Gran Tierra Energy by 1.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 552,155 shares of the company's stock worth $3,992,000 after acquiring an additional 7,045 shares during the period. Institutional investors and hedge funds own 31.70% of the company's stock.

Insider Activity

In other news, major shareholder Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock in a transaction dated Monday, April 7th. The stock was bought at an average cost of $3.94 per share, for a total transaction of $577,052.40. Following the purchase, the insider now directly owns 1,566,517 shares in the company, valued at approximately $6,172,076.98. This represents a 10.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 476,527 shares of company stock worth $2,003,350 in the last quarter. 6.45% of the stock is owned by corporate insiders.

Gran Tierra Energy Stock Performance

GTE stock opened at $4.67 on Friday. The firm has a market cap of $164.99 million, a PE ratio of 3.27 and a beta of 0.71. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The stock has a 50-day moving average price of $4.57 and a 200-day moving average price of $5.66. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Stifel Nicolaus initiated coverage on shares of Gran Tierra Energy in a research report on Tuesday, May 13th. They set a "buy" rating for the company.

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.

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