Insider Buying: Gran Tierra Energy (NYSE:GTE) Director Acquires 50,000 Shares of Stock

by · The Cerbat Gem

Gran Tierra Energy Inc. (NYSE:GTE – Get Free Report) Director Equinox Partners Investment Ma bought 50,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average price of $4.35 per share, for a total transaction of $217,500.00. Following the completion of the acquisition, the director owned 2,556,410 shares of the company’s stock, valued at $11,120,383.50. The trade was a 1.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, November 25th, Equinox Partners Investment Ma purchased 80,408 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $4.23 per share, with a total value of $340,125.84.
  • On Monday, November 24th, Equinox Partners Investment Ma acquired 27,067 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $4.35 per share, for a total transaction of $117,741.45.
  • On Wednesday, November 19th, Equinox Partners Investment Ma bought 30,400 shares of Gran Tierra Energy stock. The stock was purchased at an average cost of $4.36 per share, for a total transaction of $132,544.00.
  • On Tuesday, November 18th, Equinox Partners Investment Ma purchased 35,780 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $4.23 per share, with a total value of $151,349.40.
  • On Monday, November 17th, Equinox Partners Investment Ma purchased 126,126 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $4.21 per share, with a total value of $530,990.46.
  • On Friday, November 14th, Equinox Partners Investment Ma purchased 77,412 shares of Gran Tierra Energy stock. The shares were acquired at an average cost of $4.32 per share, for a total transaction of $334,419.84.
  • On Thursday, November 13th, Equinox Partners Investment Ma acquired 22,900 shares of Gran Tierra Energy stock. The stock was acquired at an average cost of $4.39 per share, with a total value of $100,531.00.
  • On Wednesday, November 12th, Equinox Partners Investment Ma bought 115,131 shares of Gran Tierra Energy stock. The shares were acquired at an average price of $4.32 per share, with a total value of $497,365.92.
  • On Tuesday, November 11th, Equinox Partners Investment Ma bought 15,777 shares of Gran Tierra Energy stock. The shares were acquired at an average cost of $4.33 per share, for a total transaction of $68,314.41.
  • On Friday, November 7th, Equinox Partners Investment Ma purchased 50,682 shares of Gran Tierra Energy stock. The stock was acquired at an average price of $4.11 per share, for a total transaction of $208,303.02.

Gran Tierra Energy Stock Performance

GTE stock traded down $0.11 during midday trading on Tuesday, reaching $4.26. 349,847 shares of the company were exchanged, compared to its average volume of 338,086. 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 business has a 50-day moving average price of $4.19 and a two-hundred day moving average price of $4.44. Gran Tierra Energy Inc. has a one year low of $3.09 and a one year high of $8.19. The firm has a market capitalization of $150.36 million, a price-to-earnings ratio of 2.98 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gran Tierra Energy during the first quarter worth approximately $2,275,000. Cetera Investment Advisers lifted its holdings in Gran Tierra Energy by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 58,450 shares of the company’s stock worth $288,000 after purchasing an additional 2,551 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Gran Tierra Energy by 897.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,499 shares of the company’s stock worth $1,693,000 after purchasing an additional 311,761 shares during the last quarter. American Century Companies Inc. boosted its stake in Gran Tierra Energy by 11.3% in the 1st quarter. American Century Companies Inc. now owns 1,303,105 shares of the company’s stock valued at $6,424,000 after purchasing an additional 131,818 shares during the period. Finally, Wealthedge Investment Advisors LLC grew its holdings in Gran Tierra Energy by 27.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 86,646 shares of the company’s stock valued at $427,000 after buying an additional 18,688 shares in the last quarter. Institutional investors and hedge funds own 31.70% of the company’s stock.

About Gran Tierra Energy

(Get Free Report)

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.

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