Gran Tierra Energy (NYSE:GTE) Major Shareholder Equinox Partners Investment Ma Sells 248,510 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTEGet Free Report) major shareholder Equinox Partners Investment Ma sold 248,510 shares of Gran Tierra Energy stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $9.30, for a total value of $2,311,143.00. Following the completion of the transaction, the insider directly owned 372,095 shares of the company’s stock, valued at approximately $3,460,483.50. This trade represents a 40.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major 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 Wednesday, August 12th, Equinox Partners Investment Ma sold 165,377 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.49, for a total value of $1,569,427.73.
  • On Monday, August 10th, Equinox Partners Investment Ma sold 113,705 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.08, for a total value of $1,032,441.40.
  • On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.05, for a total value of $944,349.40.
  • 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 value 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 Stock Performance

NYSE:GTE opened at $9.50 on Friday. The company has a fifty day moving average of $7.21 and a 200-day moving average of $7.51. The firm has a market capitalization of $336.11 million, a P/E ratio of 6.64 and a beta of 0.13. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. Gran Tierra Energy Inc. has a twelve month low of $3.09 and a twelve month high of $11.52.

Institutional Trading of Gran Tierra Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC lifted its position in shares of Gran Tierra Energy by 0.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 559,360 shares of the company’s stock valued at $2,372,000 after purchasing an additional 5,098 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Gran Tierra Energy by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company’s stock worth $484,000 after purchasing an additional 6,015 shares in the last quarter. Bank of America Corp DE increased its stake in Gran Tierra Energy by 270.3% in the 2nd quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after buying an additional 11,651 shares during the last quarter. PDT Partners LLC increased its stake in Gran Tierra Energy by 76.3% in the 2nd quarter. PDT Partners LLC now owns 27,364 shares of the company’s stock valued at $131,000 after buying an additional 11,841 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Gran Tierra Energy by 7.2% during the 1st quarter. Empowered Funds LLC now owns 233,271 shares of the company’s stock worth $1,150,000 after buying an additional 15,719 shares in the last quarter. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reissued a “buy” rating on shares of Gran Tierra Energy in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $9.72.

Read Our Latest Stock Report on GTE

About Gran Tierra Energy

(Get Free Report)

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.

Further Reading

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

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