Diametric Capital LP Increases Stock Position in Gran Tierra Energy Inc. (NYSE:GTE)

Diametric Capital LP grew its position in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 61.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,504 shares of the company’s stock after purchasing an additional 11,629 shares during the period. Diametric Capital LP’s holdings in Gran Tierra Energy were worth $221,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Gran Tierra Energy during the fourth quarter valued at approximately $35,000. Private Trust Co. NA purchased a new stake in shares of Gran Tierra Energy during the 4th quarter worth approximately $51,000. Quarry LP bought a new position in shares of Gran Tierra Energy during the 3rd quarter valued at approximately $52,000. R Squared Ltd purchased a new position in shares of Gran Tierra Energy in the fourth quarter valued at $68,000. Finally, Centiva Capital LP bought a new stake in Gran Tierra Energy in the third quarter worth $73,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Gran Tierra Energy Trading Up 3.0 %

GTE opened at $5.13 on Thursday. Gran Tierra Energy Inc. has a 12 month low of $4.13 and a 12 month high of $10.40. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The stock has a 50-day moving average of $5.25 and a 200 day moving average of $6.16. The firm has a market cap of $184.11 million, a P/E ratio of 3.59 and a beta of 1.45.

Gran Tierra Energy Profile

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.