Vident Investment Advisory LLC acquired a new position in shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 117,631 shares of the company’s stock, valued at approximately $311,000.

A number of other large investors have also recently made changes to their positions in the stock. Prince Street Capital Management LLC boosted its stake in shares of Gran Tierra Energy by 148.2% in the third quarter. Prince Street Capital Management LLC now owns 955,000 shares of the company’s stock worth $2,860,000 after buying an additional 570,300 shares during the period. Highbridge Capital Management LLC boosted its stake in shares of Gran Tierra Energy by 51.5% in the third quarter. Highbridge Capital Management LLC now owns 313,554 shares of the company’s stock worth $944,000 after buying an additional 106,547 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Gran Tierra Energy by 7.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,371,815 shares of the company’s stock worth $28,025,000 after buying an additional 672,125 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Gran Tierra Energy during the fourth quarter worth approximately $2,747,000. Finally, Concourse Capital Management LLC boosted its stake in shares of Gran Tierra Energy by 54.6% in the fourth quarter. Concourse Capital Management LLC now owns 1,556,798 shares of the company’s stock worth $4,702,000 after buying an additional 549,769 shares during the period.

Institutional Ownership by Quarter for Gran Tierra Energy (TSE:GTE)

Shares of Gran Tierra Energy Inc (GTE) traded up 1.89% during mid-day trading on Thursday, hitting $3.23. The company’s stock had a trading volume of 845,566 shares. The stock’s 50 day moving average price is $3.38 and its 200 day moving average price is $3.58. Gran Tierra Energy Inc has a 52-week low of $3.09 and a 52-week high of $4.44. The company’s market cap is $1.29 billion.

Gran Tierra Energy (TSE:GTE) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.51) by $0.54. The firm had revenue of $94.66 million during the quarter, compared to analysts’ expectations of $101.70 million. Equities analysts forecast that Gran Tierra Energy Inc will post $0.13 EPS for the current year.

WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/vident-investment-advisory-llc-acquires-shares-of-117631-gran-tierra-energy-inc-gte/1326474.html.

GTE has been the topic of several analyst reports. Zacks Investment Research cut Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 15th. Credit Suisse Group AG raised Gran Tierra Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$3.75 to C$4.00 in a research report on Friday, February 10th. CIBC raised Gran Tierra Energy from a “neutral” rating to an “outperform” rating in a research report on Monday, February 13th. TD Securities reaffirmed an “action list buy” rating and set a C$6.50 target price on shares of Gran Tierra Energy in a research report on Friday, May 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a C$5.30 target price on shares of Gran Tierra Energy in a research report on Thursday, March 2nd. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$5.12.

In other news, CFO Ryan Ellson purchased 16,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average cost of C$2.38 per share, for a total transaction of C$38,080.00. Following the purchase, the chief financial officer now directly owns 236,030 shares in the company, valued at approximately C$561,751.40. Also, insider Gmt Capital Corp purchased 12,900 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of C$2.35 per share, for a total transaction of C$30,315.00. Over the last 90 days, insiders bought 601,850 shares of company stock worth $1,507,510.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

Want to see what other hedge funds are holding GTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE).

Receive News & Ratings for Gran Tierra Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gran Tierra Energy Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.