Equinox Partners Investment Ma Sells 165,377 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 165,377 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $9.49, for a total transaction of $1,569,427.73. Following the transaction, the insider owned 357,833 shares of the company’s stock, valued at $3,395,835.17. This trade represents a 31.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• 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 transaction 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 transaction 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 stock was sold at an average price of $10.60, for a total value of $5,366,652.80.

Gran Tierra Energy Trading Down 3.3%

Shares of NYSE GTE opened at $9.19 on Friday. Gran Tierra Energy Inc. has a 1-year low of $3.09 and a 1-year high of $11.52. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The business’s 50 day moving average is $7.24 and its two-hundred day moving average is $7.52. The stock has a market capitalization of $325.14 million, a P/E ratio of 6.43 and a beta of 0.13.

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a “buy” rating on shares of Gran Tierra Energy in a research report on Thursday, August 6th. One 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.com, the stock presently has an average rating of “Buy” and an average target price of $9.72.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GTE. Arrowstreet Capital Limited Partnership raised its holdings 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 buying an additional 578,397 shares during the period. Equinox Partners Investment Management LLC lifted its stake in shares of 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 acquiring an additional 1,283,783 shares during the last quarter. Empowered Funds LLC boosted its holdings in Gran Tierra Energy by 32.9% during the 1st quarter. Empowered Funds LLC now owns 321,592 shares of the company’s stock valued at $2,885,000 after acquiring an additional 79,535 shares during the period. XTX Topco Ltd bought a new position in Gran Tierra Energy in the 2nd quarter valued at $92,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Gran Tierra Energy in the 4th quarter valued at $81,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

About Gran Tierra Energy

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.