Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma bought 5,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $5.16 per share, with a total value of $25,800.00. Following the completion of the purchase, the insider now owns 1,737,936 shares in the company, valued at approximately $8,967,749.76. This represents a 0.29 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Gran Tierra Energy Stock Performance
NYSE:GTE opened at $4.11 on Friday. The firm's fifty day simple moving average is $5.17 and its 200-day simple moving average is $6.13. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The stock has a market cap of $147.50 million, a PE ratio of 2.87 and a beta of 1.45. Gran Tierra Energy Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $10.40.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Check Out Our Latest Report on GTE
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in GTE. Encompass Capital Advisors LLC purchased a new stake in shares of Gran Tierra Energy during the 4th quarter worth approximately $13,557,000. Equinox Partners Investment Management LLC raised its holdings in Gran Tierra Energy by 63.6% during the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock worth $24,511,000 after purchasing an additional 1,318,488 shares during the last quarter. LM Asset IM Inc. purchased a new stake in Gran Tierra Energy during the fourth quarter worth $7,928,000. Bank of America Corp DE boosted its position in Gran Tierra Energy by 959.2% during the fourth quarter. Bank of America Corp DE now owns 277,168 shares of the company's stock worth $2,004,000 after purchasing an additional 251,001 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Gran Tierra Energy in the fourth quarter valued at $1,221,000. 31.70% of the stock is currently owned by institutional investors and hedge funds.
About Gran Tierra Energy
(
Get Free Report)
Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.
Further Reading
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