Insider Buying: Gran Tierra Energy (NYSE:GTE) Director Purchases $530,990.46 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director Equinox Partners Investment Ma acquired 126,126 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of $4.21 per share, for a total transaction of $530,990.46. Following the acquisition, the director owned 2,527,365 shares in the company, valued at $10,640,206.65. This represents a 5.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 14th, Equinox Partners Investment Ma bought 77,412 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $4.32 per share, with a total value of $334,419.84.
• On Thursday, November 13th, Equinox Partners Investment Ma bought 22,900 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $4.39 per share, with a total value of $100,531.00.
• On Wednesday, November 12th, Equinox Partners Investment Ma purchased 115,131 shares of Gran Tierra Energy stock. The shares were purchased at an average cost of $4.32 per share, for a total transaction of $497,365.92.
• On Tuesday, November 11th, Equinox Partners Investment Ma purchased 15,777 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $4.33 per share, for a total transaction of $68,314.41.
• On Friday, November 7th, Equinox Partners Investment Ma acquired 50,682 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $4.11 per share, with a total value of $208,303.02.
• On Thursday, November 6th, Equinox Partners Investment Ma acquired 200,000 shares of Gran Tierra Energy stock. The stock was acquired 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, for a total transaction of $691,440.00.
• On Tuesday, November 4th, Equinox Partners Investment Ma purchased 276,000 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $3.79 per share, with a total value of $1,046,040.00.

Gran Tierra Energy Price Performance

GTE stock opened at $4.45 on Thursday. The company has a market capitalization of $157.07 million, a P/E ratio of 3.11 and a beta of 0.71. The company has a fifty day moving average price of $4.16 and a 200-day moving average price of $4.43. 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 52-week low of $3.09 and a 52-week high of $8.19.

Institutional Investors Weigh In On Gran Tierra Energy

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