GSA Capital Partners LLP Takes $633,000 Position in Gran Tierra Energy Inc. $GTE

GSA Capital Partners LLP bought a new position in shares of Gran Tierra Energy Inc. (NYSE:GTE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 145,478 shares of the company’s stock, valued at approximately $633,000. GSA Capital Partners LLP owned 0.41% of Gran Tierra Energy at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in Gran Tierra Energy in the 2nd quarter worth approximately $56,000. Bank of America Corp DE increased its stake in shares of Gran Tierra Energy by 270.3% during the second quarter. Bank of America Corp DE now owns 15,962 shares of the company’s stock valued at $76,000 after buying an additional 11,651 shares during the period. XTX Topco Ltd bought a new position in shares of Gran Tierra Energy during the second quarter valued at approximately $92,000. Marshall Wace LLP purchased a new stake in Gran Tierra Energy in the second quarter worth $97,000. Finally, Creative Planning bought a new stake in Gran Tierra Energy in the second quarter valued at $117,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Gran Tierra Energy Stock Performance

Shares of Gran Tierra Energy stock opened at $6.75 on Monday. 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 firm has a market capitalization of $238.25 million, a P/E ratio of 4.72 and a beta of 0.43. The business has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $4.42. Gran Tierra Energy Inc. has a 12 month low of $3.09 and a 12 month high of $6.83.

Analysts Set New Price Targets

Several brokerages have commented on GTE. Roth Mkm lowered shares of Gran Tierra Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 29th. Canaccord Genuity Group cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.45.

Insider Buying and Selling

In related news, major shareholder Daniel Lau acquired 360,000 shares of Gran Tierra Energy stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of $3.95 per share, with a total value of $1,422,000.00. Following the transaction, the insider directly owned 3,531,200 shares in the company, valued at approximately $13,948,240. This represents a 11.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Equinox Partners Investment Ma acquired 80,408 shares of the stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $4.23 per share, with a total value of $340,125.84. Following the purchase, the director directly owned 2,583,779 shares of the company’s stock, valued at $10,929,385.17. The trade was a 3.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 444,508 shares of company stock worth $1,780,002. Insiders own 6.45% of the company’s stock.

Gran Tierra Energy Company Profile

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.