Gran Tierra Energy (NYSE:GTE) Director Equinox Partners Investment Ma Buys 276,000 Shares

Gran Tierra Energy Inc. (NYSE:GTE) Director Equinox Partners Investment Ma purchased 276,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $3.79 per share, for a total transaction of $1,046,040.00. Following the completion of the purchase, the director owned 2,255,590 shares of the company’s stock, valued at approximately $8,548,686.10. This trade represents a 13.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, November 6th, Equinox Partners Investment Ma acquired 200,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $4.07 per share, for a total transaction of $814,000.00.
• On Wednesday, November 5th, Equinox Partners Investment Ma acquired 172,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $4.02 per share, for a total transaction of $691,440.00.

Gran Tierra Energy Price Performance

Shares of NYSE GTE traded up $0.01 on Thursday, hitting $4.08. The company’s stock had a trading volume of 797,322 shares, compared to its average volume of 323,510. Gran Tierra Energy Inc. has a 12-month low of $3.09 and a 12-month high of $8.19. The company has a market capitalization of $143.99 million, a price-to-earnings ratio of 2.85 and a beta of 0.71. 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 stock has a 50 day moving average of $4.10 and a 200-day moving average of $4.44.

Hedge Funds Weigh In On Gran Tierra Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in Gran Tierra Energy during the 2nd quarter valued at $56,000. Bank of America Corp DE boosted its stake in Gran Tierra Energy by 270.3% during the 2nd quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after acquiring an additional 11,651 shares during the last quarter. Hsbc Holdings PLC bought a new position in Gran Tierra Energy during the 1st quarter valued at $90,000. XTX Topco Ltd bought a new position in Gran Tierra Energy during the 2nd quarter valued at $92,000. Finally, Marshall Wace LLP bought a new position in Gran Tierra Energy during the 2nd quarter valued at $97,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.