Gran Tierra Energy (NYSE:GTE) Major Shareholder Sells $3,239,786.90 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma sold 347,990 shares of Gran Tierra Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.31, for a total value of $3,239,786.90. Following the completion of the transaction, the insider owned 299,625 shares in the company, valued at $2,789,508.75. This represents a 53.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Thursday, August 13th, Equinox Partners Investment Ma sold 326,959 shares of Gran Tierra Energy stock. The shares were 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 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 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 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 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 Stock Up 2.1%

NYSE:GTE traded up $0.19 during mid-day trading on Monday, hitting $9.38. 479,275 shares of the company’s stock traded hands, compared to its average volume of 703,735. The company has a fifty day moving average of $7.24 and a 200 day moving average of $7.53. Gran Tierra Energy Inc. has a twelve month low of $3.09 and a twelve month high of $11.52. The company has a market capitalization of $331.86 million, a P/E ratio of 6.56 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.

Wall Street Analyst Weigh In

Separately, Roth Capital restated a “buy” rating on shares of Gran Tierra Energy in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Gran Tierra Energy presently has a consensus rating of “Buy” and a consensus target price of $9.72.

Institutional Investors Weigh In On Gran Tierra Energy

A number of large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 worth $5,421,000 after purchasing an additional 578,397 shares during the last quarter. Equinox Partners Investment Management LLC boosted its holdings in 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. Empowered Funds LLC grew its position in Gran Tierra Energy by 32.9% during the 1st quarter. Empowered Funds LLC now owns 321,592 shares of the company’s stock worth $2,885,000 after purchasing an additional 79,535 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Gran Tierra Energy in the 2nd quarter valued at about $154,000. Finally, PDT Partners LLC purchased a new stake in shares of Gran Tierra Energy in the second quarter worth about $171,000. 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.