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 purchased 276,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of $3.79 per share, for a total transaction of $1,046,040.00. Following the completion of the acquisition, the director directly owned 2,255,590 shares in the company, valued at approximately $8,548,686.10. This trade represents a 13.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Gran Tierra Energy Trading Up 0.2%

Shares of NYSE:GTE traded up $0.01 during trading hours on Thursday, hitting $4.08. 797,322 shares of the company’s stock traded hands, compared to its average volume of 323,510. Gran Tierra Energy Inc. has a 1 year low of $3.09 and a 1 year high of $8.19. The business has a fifty day moving average price of $4.10 and a 200-day moving average price of $4.44. The firm has a market capitalization of $143.99 million, a P/E ratio of 2.85 and a beta of 0.71. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Hedge Funds Weigh In On Gran Tierra Energy

A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of Gran Tierra Energy by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company’s stock worth $484,000 after acquiring an additional 6,015 shares in the last quarter. Equinox Partners Investment Management LLC increased its holdings in shares of Gran Tierra Energy by 9.6% during the 1st quarter. Equinox Partners Investment Management LLC now owns 3,716,114 shares of the company’s stock worth $18,320,000 after buying an additional 326,000 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Gran Tierra Energy by 11.3% during the 1st quarter. American Century Companies Inc. now owns 1,303,105 shares of the company’s stock worth $6,424,000 after buying an additional 131,818 shares during the last quarter. Encompass Capital Advisors LLC increased its holdings in shares of Gran Tierra Energy by 33.4% during the 1st quarter. Encompass Capital Advisors LLC now owns 2,500,589 shares of the company’s stock worth $12,328,000 after buying an additional 625,562 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Gran Tierra Energy by 897.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company’s stock valued at $1,693,000 after purchasing an additional 311,761 shares during the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

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.