Insider Buying: Gran Tierra Energy (NYSE:GTE) Director Buys $814,000.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director Equinox Partners Investment Ma acquired 200,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $4.07 per share, for a total transaction of $814,000.00. Following the completion of the purchase, the director directly owned 2,379,466 shares in the company, valued at $9,684,426.62. The trade was a 9.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 5th, Equinox Partners Investment Ma bought 172,000 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $4.02 per share, with a total value of $691,440.00.
• On Tuesday, November 4th, Equinox Partners Investment Ma purchased 276,000 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $3.79 per share, with a total value of $1,046,040.00.

Gran Tierra Energy Price Performance

Shares of NYSE GTE opened at $4.31 on Friday. 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 business’s 50 day moving average price is $4.10 and its two-hundred day moving average price is $4.44. The company has a market cap of $152.13 million, a PE ratio of 3.01 and a beta of 0.71. Gran Tierra Energy Inc. has a twelve month low of $3.09 and a twelve month high of $8.19.

Institutional Investors Weigh In On Gran Tierra Energy

Several hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gran Tierra Energy during the first quarter worth $2,275,000. Cetera Investment Advisers lifted its stake in shares of Gran Tierra Energy by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 58,450 shares of the company’s stock worth $288,000 after buying an additional 2,551 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Gran Tierra Energy by 897.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company’s stock worth $1,693,000 after buying an additional 311,761 shares during the period. American Century Companies Inc. grew its stake in Gran Tierra Energy by 11.3% in the 1st quarter. American Century Companies Inc. now owns 1,303,105 shares of the company’s stock valued at $6,424,000 after buying an additional 131,818 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC grew its stake in Gran Tierra Energy by 27.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 86,646 shares of the company’s stock valued at $427,000 after buying an additional 18,688 shares during the last quarter. 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.