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 the business's stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost 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 of the company's stock, valued at approximately $9,588,858.25. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more 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 stock was purchased 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 bought 98,678 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.66 per share, for a total transaction of $459,839.48.
• On Wednesday, April 16th, Equinox Partners Investment Ma bought 45,158 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.59 per share, for a total transaction of $207,275.22.
• On Monday, April 14th, Equinox Partners Investment Ma bought 23,200 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.16 per share, for a total transaction of $96,512.00.
• On Thursday, April 10th, Equinox Partners Investment Ma bought 33,531 shares of Gran Tierra Energy stock. The stock was bought at an average price of $3.73 per share, for a total transaction 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 price of $3.94 per share, for a total transaction of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma bought 123,000 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.11 per share, for a total transaction of $505,530.00.
• On Wednesday, April 2nd, Equinox Partners Investment Ma bought 5,000 shares of Gran Tierra Energy stock. The stock was bought at an average price of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Price Performance

GTE stock traded up $0.87 during mid-day trading on Friday, reaching $6.12. 995,263 shares of the company's stock were exchanged, compared to its average volume of 288,160. The company has a market cap of $216.21 million, a price-to-earnings ratio of 4.28 and a beta of 0.81. The stock's 50 day moving average is $4.61 and its 200 day moving average is $5.51. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy Inc. has a 12-month low of $3.34 and a 12-month high of $10.40.

Analyst Upgrades and Downgrades

GTE has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Gran Tierra Energy in a research note on Tuesday, May 13th. They issued a "buy" rating on the stock. Wall Street Zen downgraded Gran Tierra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Hedge Funds Weigh In On Gran Tierra Energy

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Gran Tierra Energy during the fourth quarter worth approximately $35,000. Private Trust Co. NA purchased a new position in Gran Tierra Energy during the fourth quarter worth approximately $51,000. Lazard Asset Management LLC purchased a new position in Gran Tierra Energy during the fourth quarter worth approximately $81,000. Hsbc Holdings PLC purchased a new position in Gran Tierra Energy during the first quarter worth approximately $90,000. Finally, Payden & Rygel purchased a new position in Gran Tierra Energy during the fourth quarter worth approximately $145,000. Hedge funds and other institutional investors own 31.70% of the company's stock.

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.