Gran Tierra Energy (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Sells 165,377 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 165,377 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $9.49, for a total value of $1,569,427.73. Following the completion of the transaction, the insider directly owned 357,833 shares in the company, valued at $3,395,835.17. This trade represents a 31.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 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 Tuesday, August 11th, Equinox Partners Investment Ma sold 248,510 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.30, for a total value of $2,311,143.00.
• On Monday, August 10th, Equinox Partners Investment Ma sold 113,705 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.08, for a total transaction of $1,032,441.40.
• On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.05, for a total transaction of $944,349.40.
• On Thursday, August 6th, Equinox Partners Investment Ma sold 1,093,712 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.16, for a total transaction of $10,018,401.92.
• On Wednesday, August 5th, Equinox Partners Investment Ma sold 506,288 shares of Gran Tierra Energy stock. The stock was sold at an average price of $10.60, for a total transaction of $5,366,652.80.

Gran Tierra Energy Trading Up 1.6%

GTE stock opened at $9.50 on Friday. Gran Tierra Energy Inc. has a 12 month low of $3.09 and a 12 month high of $11.52. The firm’s 50-day moving average is $7.21 and its 200 day moving average is $7.51. The company has a market capitalization of $336.11 million, a PE ratio of 6.64 and a beta of 0.13. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Institutional Trading of Gran Tierra Energy

Several institutional investors and hedge funds have recently made changes to their positions in GTE. LM Asset Management Inc. purchased a new stake in Gran Tierra Energy in the second quarter worth about $27,283,875,000. Equinox Partners Investment Management LLC increased its position in Gran Tierra Energy by 25.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 6,381,471 shares of the company’s stock valued at $27,057,000 after purchasing an additional 1,283,783 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gran Tierra Energy by 2,226.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 604,377 shares of the company’s stock valued at $5,421,000 after purchasing an additional 578,397 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at about $3,294,000. Finally, Jane Street Group LLC raised its holdings in shares of Gran Tierra Energy by 331.8% in the 4th quarter. Jane Street Group LLC now owns 214,231 shares of the company’s stock valued at $908,000 after purchasing an additional 164,622 shares in the last quarter. 31.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a “buy” rating on shares of Gran Tierra Energy in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, Gran Tierra Energy presently has an average rating of “Buy” and a consensus target price of $9.72.

About Gran Tierra Energy

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.