Gran Tierra Energy Inc. (NYSE:GTE – Get Free Report) major shareholder Equinox Partners Investment Ma sold 506,288 shares of Gran Tierra Energy stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $10.60, for a total value of $5,366,652.80. Following the sale, the insider owned 506,655 shares in the company, valued at $5,370,543. The trade was a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 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 Thursday, August 6th, Equinox Partners Investment Ma sold 1,093,712 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.16, for a total transaction of $10,018,401.92.
Gran Tierra Energy Stock Performance
NYSE GTE traded down $0.51 during trading hours on Friday, reaching $8.96. 1,075,721 shares of the company were exchanged, compared to its average volume of 690,995. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $316.83 million, a P/E ratio of 6.27 and a beta of 0.13. Gran Tierra Energy Inc. has a 1 year low of $3.09 and a 1 year high of $11.52. The business’s 50 day simple moving average is $7.10 and its 200-day simple moving average is $7.36.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on GTE
Institutional Trading of Gran Tierra Energy
Several hedge funds and other institutional investors have recently modified their holdings of GTE. Equinox Partners Investment Management LLC lifted its stake in shares of 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 buying an additional 1,283,783 shares in the last quarter. LM Asset Management Inc. raised its holdings in Gran Tierra Energy by 32.2% during the 4th quarter. LM Asset Management Inc. now owns 3,691,420 shares of the company’s stock valued at $15,652,000 after acquiring an additional 899,620 shares during the period. Renaissance Technologies LLC raised its holdings in Gran Tierra Energy by 2.1% during the 1st quarter. Renaissance Technologies LLC now owns 776,680 shares of the company’s stock valued at $6,967,000 after acquiring an additional 16,300 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Gran Tierra Energy by 2,226.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 604,377 shares of the company’s stock worth $5,421,000 after acquiring an additional 578,397 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Gran Tierra Energy by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 559,360 shares of the company’s stock worth $2,372,000 after acquiring an additional 5,098 shares during the period. Institutional investors own 31.70% of the company’s stock.
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.
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