Equinox Partners Investment Ma Sells 248,510 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 248,510 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $9.30, for a total value of $2,311,143.00. Following the completion of the sale, the insider directly owned 372,095 shares of the company’s stock, valued at $3,460,483.50. This represents a 40.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 transactions with the SEC.

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

• 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 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 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 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 Gran Tierra Energy stock opened at $9.19 on Friday. Gran Tierra Energy Inc. has a 52-week low of $3.09 and a 52-week high of $11.52. The stock’s 50-day simple moving average is $7.24 and its 200 day simple 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. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a “buy” rating on shares of Gran Tierra Energy in a report 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $9.72.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LM Asset Management Inc. purchased a new position in shares of Gran Tierra Energy during the 2nd quarter valued at $27,283,875,000. Equinox Partners Investment Management LLC boosted its stake in Gran Tierra Energy by 25.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 6,381,471 shares of the company’s stock valued at $27,057,000 after buying an additional 1,283,783 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Gran Tierra Energy by 2,226.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 604,377 shares of the company’s stock valued at $5,421,000 after buying an additional 578,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gran Tierra Energy during the second quarter worth about $3,294,000. Finally, Jane Street Group LLC grew its position in Gran Tierra Energy by 331.8% during the fourth quarter. Jane Street Group LLC now owns 214,231 shares of the company’s stock worth $908,000 after buying an additional 164,622 shares in the last quarter. 31.70% of the stock is owned by institutional investors.

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.