Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Gran Tierra Energy Inc. (NYSE:GTE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH recently made a new investment in Gran Tierra Energy Inc., acquiring 461,526 shares valued at approximately $2.28 million.
• Gran Tierra Energy saw various institutional investors either increase or initiate stakes in the company throughout the fourth quarter, with institutional ownership now at 31.70%.
• Analysts have started coverage on Gran Tierra Energy, with Stifel Nicolaus issuing a "buy" rating and Raymond James Financial giving a "market perform" rating.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 461,526 shares of the company's stock, valued at approximately $2,275,000. Universal Beteiligungs und Servicegesellschaft mbH owned 1.29% of Gran Tierra Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GTE. Bank of America Corp DE boosted its stake 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 in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Gran Tierra Energy by 22.7% during the 4th quarter. Renaissance Technologies LLC now owns 865,280 shares of the company's stock valued at $6,256,000 after purchasing 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 4th quarter. Dimensional Fund Advisors LP now owns 271,690 shares of the company's stock valued at $1,964,000 after purchasing an additional 61,121 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Gran Tierra Energy during the 4th quarter valued at about $829,000. Finally, American Century Companies Inc. boosted its stake in shares of Gran Tierra Energy by 11.9% during the 4th quarter. American Century Companies Inc. now owns 1,171,287 shares of the company's stock valued at $8,468,000 after purchasing an additional 124,138 shares in the last quarter. 31.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gran Tierra Energy

In related news, major shareholder Equinox Partners Investment Ma bought 18,441 shares of the business's stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $4.75 per share, with a total value of $87,594.75. Following the completion of the purchase, the insider owned 2,018,707 shares in the company, valued at approximately $9,588,858.25. The trade was a 0.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James Financial initiated coverage on Gran Tierra Energy in a report on Friday, June 20th. They issued a "market perform" rating for the company. Stifel Nicolaus initiated coverage on Gran Tierra Energy in a report on Tuesday, May 13th. They issued a "buy" rating for the company.

Gran Tierra Energy Stock Down 1.5%

GTE traded down $0.06 during trading on Monday, reaching $3.88. The stock had a trading volume of 307,809 shares, compared to its average volume of 289,060. The stock's 50 day moving average is $4.91 and its two-hundred day moving average is $4.96. 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 company has a market capitalization of $137.08 million, a price-to-earnings ratio of 2.71 and a beta of 0.77. Gran Tierra Energy Inc. has a one year low of $3.34 and a one year high of $8.78.

Gran Tierra Energy (NYSE:GTE - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.36) EPS for the quarter, topping analysts' consensus estimates of ($0.43) by $0.07. Gran Tierra Energy had a return on equity of 11.36% and a net margin of 7.17%. During the same period in the previous year, the company earned $1.16 EPS.

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.