Insider Selling: Gran Tierra Energy Inc. (NYSE:GTE) Director Sells 19,967 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director Ronald Royal sold 19,967 shares of the company’s 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 accessible through the SEC website.

Gran Tierra Energy Price Performance

NYSE:GTE traded down $0.15 during trading hours on Wednesday, hitting $6.61. 306,176 shares of the stock traded hands, compared to its average volume of 337,684. The stock has a 50 day moving average price of $6.39 and a 200 day moving average price of $7.80. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The company has a market cap of $202.60 million, a price-to-earnings ratio of 4.66 and a beta of 1.57. Gran Tierra Energy Inc. has a 1 year low of $4.72 and a 1 year high of $10.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTE. Equinox Partners Investment Management LLC increased its stake in Gran Tierra Energy by 159.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 2,071,626 shares of the company’s stock worth $12,989,000 after acquiring an additional 1,271,680 shares during the last quarter. Renaissance Technologies LLC increased its position in Gran Tierra Energy by 2.6% in the second quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock worth $7,544,000 after purchasing an additional 20,100 shares during the last quarter. American Century Companies Inc. raised its stake in Gran Tierra Energy by 46.8% during the second quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after purchasing an additional 231,595 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in Gran Tierra Energy by 204.7% during the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after purchasing an additional 302,583 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Gran Tierra Energy by 39.3% in the 3rd quarter. Empowered Funds LLC now owns 207,067 shares of the company’s stock worth $1,298,000 after buying an additional 58,438 shares in the last quarter. 31.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Gran Tierra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th.

Gran Tierra Energy Company 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.