Gran Tierra Energy Inc (GTE) Major Shareholder Acquires $1,192,440.00 in Stock

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) major shareholder Gmt Capital Corp bought 523,000 shares of the stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of $2.28 per share, for a total transaction of $1,192,440.00. Following the completion of the transaction, the insider now owns 67,875,186 shares of the company’s stock, valued at approximately $154,755,424.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gmt Capital Corp also recently made the following trade(s):

  • On Wednesday, March 27th, Gmt Capital Corp purchased 355,000 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $2.34 per share, with a total value of $830,700.00.
  • On Wednesday, March 20th, Gmt Capital Corp purchased 736,032 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $2.51 per share, with a total value of $1,847,440.32.
  • On Monday, March 18th, Gmt Capital Corp acquired 482,800 shares of Gran Tierra Energy stock. The shares were acquired at an average cost of $2.41 per share, for a total transaction of $1,163,548.00.
  • On Monday, March 11th, Gmt Capital Corp acquired 163,600 shares of Gran Tierra Energy stock. The shares were acquired at an average cost of $2.30 per share, for a total transaction of $376,280.00.
  • On Tuesday, April 2nd, Gmt Capital Corp acquired 6,444,800 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $2.37 per share, for a total transaction of $15,274,176.00.

Shares of GTE stock opened at $2.37 on Friday. Gran Tierra Energy Inc has a twelve month low of $2.03 and a twelve month high of $3.96.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its quarterly earnings results on Wednesday, February 27th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.09). The firm had revenue of $136.60 million during the quarter, compared to analyst estimates of $154.40 million. During the same period in the previous year, the business earned ($0.10) EPS. Gran Tierra Energy’s revenue was up 7.4% on a year-over-year basis.

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in Gran Tierra Energy by 10.6% in the 4th quarter. Jane Street Group LLC now owns 48,144 shares of the company’s stock valued at $104,000 after purchasing an additional 4,600 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Gran Tierra Energy by 1.0% during the 4th quarter. Toronto Dominion Bank now owns 1,475,478 shares of the company’s stock worth $3,225,000 after buying an additional 15,227 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Gran Tierra Energy by 45.3% in the 4th quarter. United Services Automobile Association now owns 58,146 shares of the company’s stock valued at $126,000 after buying an additional 18,137 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Gran Tierra Energy in the 4th quarter valued at approximately $41,000. Finally, WINTON GROUP Ltd boosted its stake in shares of Gran Tierra Energy by 219.4% in the fourth quarter. WINTON GROUP Ltd now owns 34,246 shares of the company’s stock valued at $74,000 after buying an additional 23,524 shares in the last quarter.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Gran Tierra Energy from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Citigroup reissued a “buy” rating on shares of Gran Tierra Energy in a report on Monday, December 17th. Finally, GMP Securities cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.

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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. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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