Insider Buying: Gran Tierra Energy (NYSE:GTE) Director Buys $68,314.41 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director Equinox Partners Investment Ma acquired 15,777 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $4.33 per share, for a total transaction of $68,314.41. Following the transaction, the director directly owned 2,401,597 shares of the company’s stock, valued at approximately $10,398,915.01. The trade was a 0.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 12th, Equinox Partners Investment Ma purchased 115,131 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $4.32 per share, with a total value of $497,365.92.
• On Friday, November 7th, Equinox Partners Investment Ma acquired 50,682 shares of Gran Tierra Energy stock. The stock was bought at an average price of $4.11 per share, for a total transaction 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 purchased 172,000 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $4.02 per share, with a total value of $691,440.00.
• On Tuesday, November 4th, Equinox Partners Investment Ma purchased 276,000 shares of Gran Tierra Energy stock. The stock was bought at an average price of $3.79 per share, for a total transaction of $1,046,040.00.

Gran Tierra Energy Stock Performance

NYSE GTE opened at $4.37 on Friday. The business’s 50 day moving average is $4.14 and its two-hundred day moving average is $4.43. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $154.24 million, a price-to-earnings ratio of 3.06 and a beta of 0.71. Gran Tierra Energy Inc. has a 12-month low of $3.09 and a 12-month high of $8.19.

Hedge Funds Weigh In On Gran Tierra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of Gran Tierra Energy by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 58,450 shares of the company’s stock valued at $288,000 after buying an additional 2,551 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Gran Tierra Energy by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company’s stock valued at $484,000 after purchasing an additional 6,015 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Gran Tierra Energy by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 558,374 shares of the company’s stock valued at $2,753,000 after purchasing an additional 6,219 shares during the period. Bank of America Corp DE increased its stake in shares of Gran Tierra Energy by 270.3% during the 2nd quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock worth $76,000 after purchasing an additional 11,651 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Gran Tierra Energy during the 2nd quarter worth approximately $56,000. 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.