Montrusco Bolton Investments Inc. lessened its holdings in shares of TransGlobe Energy Co. (NASDAQ:TGA) (TSE:TGL) by 77.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 938,503 shares of the basic materials company’s stock after selling 3,239,105 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in TransGlobe Energy were worth $1,423,000 as of its most recent filing with the SEC.

Separately, Van ECK Associates Corp grew its position in TransGlobe Energy by 7.0% in the second quarter. Van ECK Associates Corp now owns 738,116 shares of the basic materials company’s stock valued at $985,000 after acquiring an additional 48,138 shares in the last quarter. 22.36% of the stock is owned by institutional investors.

Shares of TransGlobe Energy Co. (NASDAQ TGA) opened at $1.47 on Friday. TransGlobe Energy Co. has a 1 year low of $1.07 and a 1 year high of $1.86. The company has a current ratio of 2.78, a quick ratio of 2.38 and a debt-to-equity ratio of 0.37.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of TransGlobe Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine downgraded shares of TransGlobe Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st.

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TransGlobe Energy Company Profile

TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.

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Institutional Ownership by Quarter for TransGlobe Energy (NASDAQ:TGA)

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