Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Buys $25,800.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma bought 5,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $5.16 per share, for a total transaction of $25,800.00. Following the completion of the acquisition, the insider now owns 1,737,936 shares of the company’s stock, valued at $8,967,749.76. The trade was a 0.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gran Tierra Energy Stock Performance

NYSE GTE traded down $0.64 during trading on Friday, reaching $4.11. 418,670 shares of the company’s stock were exchanged, compared to its average volume of 311,788. Gran Tierra Energy Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $10.40. The stock has a market capitalization of $147.50 million, a P/E ratio of 2.87 and a beta of 1.45. The business has a 50 day moving average price of $5.21 and a 200-day moving average price of $6.15. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Gran Tierra Energy

A number of large investors have recently added to or reduced their stakes in GTE. Quantbot Technologies LP acquired a new position in shares of Gran Tierra Energy in the fourth quarter valued at $35,000. Private Trust Co. NA bought a new stake in shares of Gran Tierra Energy during the 4th quarter worth about $51,000. Quarry LP acquired a new position in Gran Tierra Energy in the 3rd quarter valued at about $52,000. R Squared Ltd bought a new position in Gran Tierra Energy in the 4th quarter valued at about $68,000. Finally, Centiva Capital LP acquired a new stake in Gran Tierra Energy during the third quarter worth approximately $73,000. 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.