Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Purchases 18,441 Shares

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma acquired 18,441 shares of Gran Tierra Energy stock in a transaction dated Monday, June 9th. The stock was purchased at an average price of $4.75 per share, for a total transaction of $87,594.75. Following the completion of the acquisition, the insider now directly owns 2,018,707 shares in the company, valued at approximately $9,588,858.25. This represents a 0.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Friday, June 6th, Equinox Partners Investment Ma acquired 30,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $4.81 per share, for a total transaction of $144,300.00.
• On Monday, April 21st, Equinox Partners Investment Ma purchased 98,678 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $4.66 per share, with a total value of $459,839.48.
• On Wednesday, April 16th, Equinox Partners Investment Ma bought 45,158 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $4.59 per share, with a total value of $207,275.22.
• On Monday, April 14th, Equinox Partners Investment Ma purchased 23,200 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $4.16 per share, with a total value of $96,512.00.
• On Thursday, April 10th, Equinox Partners Investment Ma bought 33,531 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $3.73 per share, with a total value of $125,070.63.
• On Monday, April 7th, Equinox Partners Investment Ma bought 146,460 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $3.94 per share, for a total transaction of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma acquired 123,000 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $505,530.00.
• On Wednesday, April 2nd, Equinox Partners Investment Ma purchased 5,000 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Price Performance

Shares of Gran Tierra Energy stock traded up $0.23 during trading on Wednesday, hitting $5.06. 385,169 shares of the company were exchanged, compared to its average volume of 285,133. Gran Tierra Energy Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $10.40. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The firm has a 50 day moving average price of $4.53 and a 200 day moving average price of $5.51. The stock has a market capitalization of $178.76 million, a price-to-earnings ratio of 3.54 and a beta of 0.81.

Institutional Investors Weigh In On Gran Tierra Energy

Hedge funds have recently modified their holdings of the stock. Encompass Capital Advisors LLC purchased a new stake in shares of Gran Tierra Energy during the 4th quarter worth about $13,557,000. Equinox Partners Investment Management LLC raised its holdings in Gran Tierra Energy by 63.6% in the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock valued at $24,511,000 after buying an additional 1,318,488 shares during the period. LM Asset IM Inc. acquired a new position in Gran Tierra Energy during the fourth quarter valued at approximately $7,928,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Gran Tierra Energy during the first quarter worth approximately $2,275,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Gran Tierra Energy by 897.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company's stock worth $1,693,000 after acquiring an additional 311,761 shares in the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on GTE. Wall Street Zen cut Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Stifel Nicolaus assumed coverage on shares of Gran Tierra Energy in a report on Tuesday, May 13th. They issued a "buy" rating for the company.

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.