Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Acquires $207,275.22 in Stock

Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma acquired 45,158 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was bought at an average price of $4.59 per share, with a total value of $207,275.22. Following the completion of the acquisition, the insider now directly owns 1,959,640 shares in the company, valued at approximately $8,994,747.60. This represents a 2.36 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Monday, April 21st, Equinox Partners Investment Ma bought 98,678 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $4.66 per share, for a total transaction of $459,839.48.
• On Monday, April 14th, Equinox Partners Investment Ma bought 23,200 shares of Gran Tierra Energy stock. The stock was purchased 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 purchased 33,531 shares of Gran Tierra Energy stock. The stock was purchased 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 shares were purchased at an average cost of $3.94 per share, with a total value of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma bought 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 purchased 5,000 shares of Gran Tierra Energy stock. The shares were acquired at an average cost of $5.16 per share, with a total value of $25,800.00.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock remained flat at $4.57 during midday trading on Friday. The company had a trading volume of 126,814 shares, compared to its average volume of 310,065. Gran Tierra Energy Inc. has a 52 week low of $3.34 and a 52 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 market cap of $164.01 million, a PE ratio of 3.20 and a beta of 0.89. The firm has a 50-day moving average price of $4.66 and a 200 day moving average price of $5.89.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Gran Tierra Energy

A number of institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Gran Tierra Energy in the 4th quarter worth about $35,000. Private Trust Co. NA purchased a new position in 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 worth approximately $68,000. Lazard Asset Management LLC purchased a new stake in shares of Gran Tierra Energy during the fourth quarter valued at approximately $81,000. Finally, Payden & Rygel purchased a new position in Gran Tierra Energy in the 4th quarter worth approximately $145,000. 31.70% of the stock is owned by hedge funds and other institutional investors.

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.