Equinox Partners Investment Ma Sells 347,990 Shares of Gran Tierra Energy (NYSE:GTE) Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 347,990 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.31, for a total transaction of $3,239,786.90. Following the transaction, the insider directly owned 299,625 shares in the company, valued at approximately $2,789,508.75. The trade was a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 Thursday, August 13th, Equinox Partners Investment Ma sold 326,959 shares of Gran Tierra Energy stock. The stock was sold at an average price of $9.23, for a total transaction of $3,017,831.57.
• On Wednesday, August 12th, Equinox Partners Investment Ma sold 165,377 shares of Gran Tierra Energy stock. The stock was 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 stock was sold at an average price of $9.30, for a total value 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 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 transaction 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 transaction of $5,366,652.80.

Gran Tierra Energy Trading Up 1.3%

GTE opened at $9.50 on Wednesday. The firm has a market capitalization of $336.11 million, a price-to-earnings ratio of 6.64 and a beta of 0.13. The company’s 50 day simple moving average is $7.31 and its two-hundred day simple moving average is $7.59. 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.

Hedge Funds Weigh In On Gran Tierra Energy

Several hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC increased 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 during the period. Goldman Sachs Group Inc. increased its stake in shares of Gran Tierra Energy by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 98,090 shares of the company’s stock worth $484,000 after acquiring an additional 6,015 shares during the period. Bank of America Corp DE raised its holdings in Gran Tierra Energy by 270.3% during the second quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock worth $76,000 after purchasing an additional 11,651 shares in the last quarter. PDT Partners LLC lifted its position in Gran Tierra Energy by 76.3% in the second quarter. PDT Partners LLC now owns 27,364 shares of the company’s stock valued at $131,000 after purchasing an additional 11,841 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Gran Tierra Energy by 7.2% in the 1st quarter. Empowered Funds LLC now owns 233,271 shares of the company’s stock valued at $1,150,000 after purchasing an additional 15,719 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 reiterated a “buy” rating on shares of Gran Tierra Energy in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $9.72.

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.