LM Asset IM Inc. Makes New Investment in Gran Tierra Energy Inc. (NYSE:GTE)

LM Asset IM Inc. bought a new stake in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,096,589 shares of the company's stock, valued at approximately $7,928,000. Gran Tierra Energy comprises about 7.3% of LM Asset IM Inc.'s investment portfolio, making the stock its 5th largest position. LM Asset IM Inc. owned about 3.58% of Gran Tierra Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of Gran Tierra Energy by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 55,899 shares of the company's stock worth $404,000 after acquiring an additional 2,484 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Gran Tierra Energy by 1.0% in the 4th quarter. Invesco Ltd. now owns 286,960 shares of the company's stock worth $2,075,000 after acquiring an additional 2,846 shares during the period. Quantbot Technologies LP purchased a new stake in Gran Tierra Energy in the 4th quarter valued at approximately $35,000. Private Trust Co. NA purchased a new stake in Gran Tierra Energy in the 4th quarter worth approximately $51,000. Finally, Bridgeway Capital Management LLC increased its position in Gran Tierra Energy by 1.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 552,155 shares of the company's stock worth $3,992,000 after purchasing an additional 7,045 shares during the last quarter. Hedge funds and other institutional investors own 31.70% of the company's stock.

Gran Tierra Energy Stock Down 0.9%

Shares of NYSE GTE traded down $0.04 during mid-day trading on Thursday, reaching $4.74. The company had a trading volume of 63,296 shares, compared to its average volume of 287,636. The stock has a market capitalization of $167.39 million, a PE ratio of 3.31 and a beta of 0.71. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. Gran Tierra Energy Inc. has a twelve month low of $3.34 and a twelve month high of $10.40. The stock's 50 day moving average is $4.54 and its 200-day moving average is $5.61.

Insider Activity at Gran Tierra Energy

In other news, major shareholder Equinox Partners Investment Ma purchased 5,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $5.16 per share, with a total value of $25,800.00. Following the acquisition, the insider now directly owns 1,737,936 shares in the company, valued at approximately $8,967,749.76. The trade was a 0.29% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have bought 476,527 shares of company stock worth $2,003,350. 6.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on GTE. Wall Street Zen lowered Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report 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 on the stock.

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.