Gran Tierra Energy Inc. (NYSE:GTE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its position in Gran Tierra Energy Inc. (NYSE:GTE) by 39.3% in the third quarter, HoldingsChannel reports. The firm owned 207,067 shares of the company’s stock after buying an additional 58,438 shares during the period. Empowered Funds LLC’s holdings in Gran Tierra Energy were worth $1,298,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GTE. Victory Capital Management Inc. purchased a new stake in shares of Gran Tierra Energy in the 3rd quarter valued at approximately $121,000. Aristides Capital LLC acquired a new stake in shares of Gran Tierra Energy during the 2nd quarter worth about $248,000. Quest Partners LLC purchased a new stake in Gran Tierra Energy in the second quarter valued at $465,000. Exchange Traded Concepts LLC grew its stake in Gran Tierra Energy by 40.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company’s stock worth $304,000 after buying an additional 13,874 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of Gran Tierra Energy by 123.3% in the 1st quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock valued at $430,000 after acquiring an additional 33,167 shares during the period. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Insider Buying and Selling at Gran Tierra Energy

In other news, CEO Gary Guidry bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average price of $6.03 per share, for a total transaction of $90,450.00. Following the completion of the transaction, the chief executive officer now owns 440,672 shares in the company, valued at $2,657,252.16. The trade was a 3.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ryan Ellson bought 12,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average price of $6.29 per share, with a total value of $75,480.00. Following the completion of the purchase, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at approximately $595,449.14. The trade was a 14.52 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 67,000 shares of company stock valued at $410,330. Corporate insiders own 6.45% of the company’s stock.

Gran Tierra Energy Trading Up 1.5 %

Shares of GTE stock opened at $6.26 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy Inc. has a 1-year low of $4.72 and a 1-year high of $10.40. The business’s fifty day moving average price is $6.33 and its 200 day moving average price is $7.96. The firm has a market capitalization of $191.87 million, a PE ratio of 4.38 and a beta of 1.56.

Analyst Ratings Changes

Separately, StockNews.com raised Gran Tierra Energy from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

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.