Insider Buying: Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Buys 146,460 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma acquired 146,460 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average cost of $3.94 per share, with a total value of $577,052.40. Following the completion of the purchase, the insider now directly owns 1,566,517 shares in the company, valued at approximately $6,172,076.98. The trade was a 10.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, April 4th, Equinox Partners Investment Ma purchased 123,000 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.11 per share, with a total value of $505,530.00.
• On Wednesday, April 2nd, Equinox Partners Investment Ma acquired 5,000 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Trading Down 7.1 %

GTE opened at $3.69 on Wednesday. Gran Tierra Energy Inc. has a one year low of $3.64 and a one year high of $10.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. The stock has a market cap of $132.43 million, a price-to-earnings ratio of 2.58 and a beta of 0.89. The stock’s 50 day moving average price is $5.05 and its 200-day moving average price is $6.08.

Institutional Trading of Gran Tierra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of GTE. Equinox Partners Investment Management LLC grew its holdings in shares of Gran Tierra Energy by 63.6% in the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock worth $24,511,000 after purchasing an additional 1,318,488 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Gran Tierra Energy in the 4th quarter worth about $481,000. Perpetual Ltd increased its position in shares of Gran Tierra Energy by 38.3% during the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company’s stock worth $1,582,000 after acquiring an additional 60,536 shares during the period. Barclays PLC raised its stake in shares of Gran Tierra Energy by 25.6% during the third quarter. Barclays PLC now owns 33,755 shares of the company’s stock valued at $211,000 after acquiring an additional 6,875 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Gran Tierra Energy by 11.9% in the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company’s stock valued at $8,468,000 after purchasing an additional 124,138 shares during the period. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.