Gran Tierra Energy Inc. (NYSE:GTE – Get Free Report) major shareholder Equinox Partners Investment Ma sold 326,959 shares of Gran Tierra Energy stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $9.23, for a total transaction of $3,017,831.57. Following the completion of the sale, the insider owned 329,636 shares of the company’s stock, valued at $3,042,540.28. This represents a 49.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Equinox Partners Investment Ma also recently made the following trade(s):
- On Friday, August 14th, Equinox Partners Investment Ma sold 347,990 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.31, for a total transaction of $3,239,786.90.
- 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 Tuesday, August 11th, Equinox Partners Investment Ma sold 248,510 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.30, for a total value of $2,311,143.00.
- On Monday, August 10th, Equinox Partners Investment Ma sold 113,705 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.08, for a total transaction of $1,032,441.40.
- On Friday, August 7th, Equinox Partners Investment Ma sold 104,348 shares of Gran Tierra Energy stock. The shares were 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 stock was 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 shares were sold at an average price of $10.60, for a total transaction of $5,366,652.80.
Gran Tierra Energy Stock Up 3.3%
Shares of NYSE GTE opened at $9.81 on Thursday. Gran Tierra Energy Inc. has a 12-month low of $3.09 and a 12-month high of $11.52. The stock has a market capitalization of $347.08 million, a price-to-earnings ratio of 6.86 and a beta of 0.13. 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 firm’s 50-day moving average price is $7.35 and its 200-day moving average price is $7.61.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Gran Tierra Energy
Institutional Trading of Gran Tierra Energy
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new stake in Gran Tierra Energy during the 2nd quarter worth approximately $2,254,000. Bank of America Corp DE purchased a new position in shares of Gran Tierra Energy during the 2nd quarter worth $432,000. Hsbc Holdings PLC purchased a new position in Gran Tierra Energy during the second quarter worth about $154,000. PDT Partners LLC acquired a new position in Gran Tierra Energy in the second quarter valued at approximately $171,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gran Tierra Energy during the 2nd quarter worth $3,294,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.
Gran Tierra Energy Company Profile
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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