Equinox Partners Investment Ma Sells 104,348 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 104,348 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $9.05, for a total value of $944,349.40. Following the sale, the insider owned 403,333 shares in the company, valued at $3,650,163.65. This trade represents a 20.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 value of $1,032,441.40.
• 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 value of $5,366,652.80.

Gran Tierra Energy Trading Down 1.9%

Shares of GTE stock opened at $9.35 on Thursday. The firm’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $7.48. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy Inc. has a 1-year low of $3.09 and a 1-year high of $11.52. The firm has a market cap of $330.80 million, a P/E ratio of 6.54 and a beta of 0.13.

Institutional Trading of Gran Tierra Energy

A number of institutional investors have recently modified their holdings of the company. Equinox Partners Investment Management LLC increased its position in 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 worth $27,057,000 after purchasing an additional 1,283,783 shares in the last quarter. LM Asset Management Inc. purchased a new stake in Gran Tierra Energy during the second quarter worth approximately $27,283,875,000. Renaissance Technologies LLC grew its stake in Gran Tierra Energy by 2.1% during the first quarter. Renaissance Technologies LLC now owns 776,680 shares of the company’s stock worth $6,967,000 after buying an additional 16,300 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Gran Tierra Energy by 2,226.3% in 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 increased its position 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 in the last quarter. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Capital reissued a “buy” rating on shares of Gran Tierra Energy in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, Gran Tierra Energy currently has a consensus rating of “Buy” and an average target price of $9.72.

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.