Gran Tierra Energy Inc. (NYSE:GTE - Get Free Report) major shareholder Equinox Partners Investment Ma sold 326,959 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $9.23, for a total transaction of $3,017,831.57. Following the sale, the insider directly owned 329,636 shares in the company, valued at approximately $3,042,540.28. This represents a 49.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% 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 Friday, August 14th, Equinox Partners Investment Ma sold 347,990 shares of Gran Tierra Energy stock. The shares were sold at an average price of $9.31, for a total transaction of $3,239,786.90.
- 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 transaction of $1,569,427.73.
- On Tuesday, August 11th, Equinox Partners Investment Ma sold 248,510 shares of Gran Tierra Energy stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $10.60, for a total value of $5,366,652.80.
Gran Tierra Energy Stock Performance
Shares of GTE stock opened at $9.38 on Tuesday. The stock has a fifty day moving average price of $7.27 and a 200 day moving average price of $7.56. The stock has a market cap of $331.86 million, a PE ratio of 6.56 and a beta of 0.13. 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 quick ratio of 1.19 and a current ratio of 1.31.
Wall Street Analysts Forecast Growth
Separately, Roth Capital restated a "buy" rating on shares of Gran Tierra Energy in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, Gran Tierra Energy has an average rating of "Buy" and a consensus price target of $9.72.
Read Our Latest Report on GTE
Institutional Trading of Gran Tierra Energy
Several large investors have recently modified their holdings of GTE. Equinox Partners Investment Management LLC grew its position in shares of Gran Tierra Energy by 25.2% in 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 purchasing an additional 1,283,783 shares during the last quarter. LM Asset Management Inc. acquired a new position in shares of Gran Tierra Energy during the 2nd quarter worth approximately $27,283,875,000. Renaissance Technologies LLC lifted its stake in Gran Tierra Energy by 2.1% in the 1st quarter. Renaissance Technologies LLC now owns 776,680 shares of the company's stock valued at $6,967,000 after buying an additional 16,300 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Gran Tierra Energy by 2,226.3% in the 1st 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 in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Gran Tierra Energy by 0.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 559,360 shares of the company's stock valued at $2,372,000 after buying an additional 5,098 shares in the last quarter. 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 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.
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