Insider Buying: Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Acquires 23,200 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma acquired 23,200 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average cost of $4.16 per share, for a total transaction of $96,512.00. Following the completion of the purchase, the insider now directly owns 1,948,119 shares of the company's stock, valued at $8,104,175.04. This represents a 1.21 % increase in their ownership of the stock. 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 shares are required to disclose their sales and purchases with the SEC.

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

• 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 Thursday, April 10th, Equinox Partners Investment Ma bought 33,531 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $3.73 per share, for a total transaction of $125,070.63.
• On Monday, April 7th, Equinox Partners Investment Ma acquired 146,460 shares of Gran Tierra Energy stock. The stock was purchased 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 acquired 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 acquired 5,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Stock Performance

Shares of NYSE GTE traded down $0.18 during midday trading on Monday, reaching $4.55. The company's stock had a trading volume of 250,680 shares, compared to its average volume of 310,899. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The stock has a market capitalization of $163.29 million, a P/E ratio of 3.18 and a beta of 0.89. The firm has a 50 day moving average price of $4.76 and a 200-day moving average price of $5.94. Gran Tierra Energy Inc. has a 12-month low of $3.34 and a 12-month high of $10.40.

Institutional Trading of Gran Tierra Energy

Several hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Gran Tierra Energy in the fourth quarter valued at $35,000. Private Trust Co. NA purchased a new stake in shares of Gran Tierra Energy in the fourth quarter worth about $51,000. R Squared Ltd bought a new position in shares of Gran Tierra Energy in the fourth quarter valued at approximately $68,000. Lazard Asset Management LLC purchased a new position in Gran Tierra Energy during the fourth quarter valued at approximately $81,000. Finally, Payden & Rygel bought a new stake in Gran Tierra Energy during the 4th quarter worth approximately $145,000. 31.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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.