Insider Buying: Gran Tierra Energy (NYSE:GTE) Director Purchases $691,440.00 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director Equinox Partners Investment Ma acquired 172,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was bought at an average price of $4.02 per share, for a total transaction of $691,440.00. Following the acquisition, the director owned 2,312,866 shares of the company’s stock, valued at approximately $9,297,721.32. This trade represents a 8.03% increase in their position. The purchase was disclosed in a legal 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 bought at an average price of $4.07 per share, with a total value of $814,000.00.
• On Tuesday, November 4th, Equinox Partners Investment Ma purchased 276,000 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $3.79 per share, for a total transaction of $1,046,040.00.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $4.31 on Friday. The company has a market capitalization of $152.13 million, a P/E ratio of 3.01 and a beta of 0.71. Gran Tierra Energy Inc. has a fifty-two week low of $3.09 and a fifty-two week high of $8.19. 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 50 day moving average price of $4.10 and a two-hundred day moving average price of $4.44.

Hedge Funds Weigh In On Gran Tierra Energy

Hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Gran Tierra Energy during the 1st quarter valued at about $2,275,000. Cetera Investment Advisers grew its position in shares of Gran Tierra Energy by 4.6% in 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. increased its stake in shares of Gran Tierra Energy by 897.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company’s stock valued at $1,693,000 after buying an additional 311,761 shares during the period. American Century Companies Inc. raised its holdings in shares of Gran Tierra Energy by 11.3% during the first quarter. American Century Companies Inc. now owns 1,303,105 shares of the company’s stock valued at $6,424,000 after acquiring an additional 131,818 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC raised its holdings in shares of Gran Tierra Energy by 27.5% during the first quarter. Wealthedge Investment Advisors LLC now owns 86,646 shares of the company’s stock valued at $427,000 after acquiring an additional 18,688 shares in the last quarter. Hedge funds and other institutional investors 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.