Gran Tierra Energy Inc. (NYSE:GTE) Shares Acquired by Perpetual Ltd

Perpetual Ltd boosted its position in Gran Tierra Energy Inc. (NYSE:GTE) by 38.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 218,788 shares of the company’s stock after acquiring an additional 60,536 shares during the quarter. Perpetual Ltd’s holdings in Gran Tierra Energy were worth $1,582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC lifted its stake in shares of Gran Tierra Energy by 159.0% in the third 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 in the last quarter. American Century Companies Inc. increased its holdings in Gran Tierra Energy by 46.8% during the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock worth $7,023,000 after purchasing an additional 231,595 shares during the last quarter. Empowered Funds LLC raised its position 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 valued at $1,298,000 after purchasing an additional 58,438 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Gran Tierra Energy by 76.5% during the 3rd quarter. GSA Capital Partners LLP now owns 101,047 shares of the company’s stock valued at $634,000 after buying an additional 43,795 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Gran Tierra Energy during the third quarter worth approximately $200,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

Gran Tierra Energy Stock Down 9.1 %

Shares of Gran Tierra Energy stock opened at $6.73 on Wednesday. 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 business has a 50-day moving average price of $6.89 and a 200 day moving average price of $7.21. Gran Tierra Energy Inc. has a fifty-two week low of $4.75 and a fifty-two week high of $10.40. The firm has a market cap of $206.27 million, a P/E ratio of 4.71 and a beta of 1.53.

Insider Activity at Gran Tierra Energy

In other news, Director Ronald Royal sold 19,967 shares of Gran Tierra Energy stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday.

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.