Equinox Partners Investment Ma Acquires 276,000 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director Equinox Partners Investment Ma acquired 276,000 shares of Gran Tierra Energy stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $3.79 per share, for a total transaction of $1,046,040.00. Following the completion of the purchase, the director directly owned 2,255,590 shares in the company, valued at approximately $8,548,686.10. This represents a 13.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, November 6th, Equinox Partners Investment Ma bought 200,000 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $4.07 per share, with a total value of $814,000.00.
• On Wednesday, November 5th, Equinox Partners Investment Ma bought 172,000 shares of Gran Tierra Energy stock. The shares were acquired at an average cost of $4.02 per share, with a total value of $691,440.00.

Gran Tierra Energy Trading Up 5.6%

NYSE GTE opened at $4.31 on Friday. The firm has a market capitalization of $152.13 million, a price-to-earnings ratio of 3.01 and a beta of 0.71. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. Gran Tierra Energy Inc. has a one year low of $3.09 and a one year high of $8.19. The company’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.44.

Hedge Funds Weigh In On Gran Tierra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in Gran Tierra Energy during the 2nd quarter worth $56,000. Bank of America Corp DE lifted its stake in shares of Gran Tierra Energy by 270.3% during the second quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock worth $76,000 after purchasing an additional 11,651 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Gran Tierra Energy in the first quarter worth about $90,000. XTX Topco Ltd purchased a new stake in shares of Gran Tierra Energy in the second quarter worth about $92,000. Finally, Marshall Wace LLP acquired a new stake in shares of Gran Tierra Energy in the second quarter valued at about $97,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

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.