Gran Tierra Energy Inc. (NYSE:GTE) is Equinox Partners Investment Management LLC’s 3rd Largest Position

Equinox Partners Investment Management LLC grew its stake in Gran Tierra Energy Inc. (NYSE:GTE) by 63.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,390,114 shares of the company’s stock after buying an additional 1,318,488 shares during the quarter. Gran Tierra Energy accounts for approximately 16.7% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 3rd biggest position. Equinox Partners Investment Management LLC owned approximately 0.11% of Gran Tierra Energy worth $24,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in Gran Tierra Energy during the fourth quarter worth approximately $481,000. Empowered Funds LLC lifted its stake in Gran Tierra Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 217,552 shares of the company’s stock worth $1,573,000 after purchasing an additional 10,485 shares during the last quarter. R Squared Ltd purchased a new stake in Gran Tierra Energy in the fourth quarter valued at approximately $68,000. Perpetual Ltd boosted its holdings in shares of Gran Tierra Energy by 38.3% in the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company’s stock valued at $1,582,000 after acquiring an additional 60,536 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Gran Tierra Energy by 25.6% in the third quarter. Barclays PLC now owns 33,755 shares of the company’s stock valued at $211,000 after acquiring an additional 6,875 shares during the period. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gran Tierra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.

Gran Tierra Energy Price Performance

Gran Tierra Energy stock opened at $4.96 on Tuesday. Gran Tierra Energy Inc. has a 12 month low of $4.71 and a 12 month high of $10.40. 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 simple moving average of $6.55 and a 200-day simple moving average of $6.64. The stock has a market capitalization of $152.02 million, a PE ratio of 3.47 and a beta of 1.49.

Insider Transactions at Gran Tierra Energy

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.45% 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.