Graham Capital Management L.P. Invests $256,000 in Gran Tierra Energy Inc. (NYSE:GTE)

Graham Capital Management L.P. purchased a new position in Gran Tierra Energy Inc. (NYSE:GTE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,406 shares of the company’s stock, valued at approximately $256,000. Graham Capital Management L.P. owned 0.12% of Gran Tierra Energy at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GTE. Encompass Capital Advisors LLC acquired a new stake in Gran Tierra Energy in the 4th quarter worth approximately $13,557,000. Equinox Partners Investment Management LLC boosted its position in shares of Gran Tierra Energy by 63.6% during the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock valued at $24,511,000 after acquiring an additional 1,318,488 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Gran Tierra Energy by 959.2% during the 4th quarter. Bank of America Corp DE now owns 277,168 shares of the company’s stock valued at $2,004,000 after acquiring an additional 251,001 shares during the last quarter. Renaissance Technologies LLC lifted its position in Gran Tierra Energy by 22.7% in the fourth quarter. Renaissance Technologies LLC now owns 865,280 shares of the company’s stock valued at $6,256,000 after buying an additional 159,900 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Gran Tierra Energy by 11.9% in the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company’s stock valued at $8,468,000 after purchasing an additional 124,138 shares during the period. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Gran Tierra Energy Price Performance

Shares of NYSE:GTE opened at $4.88 on Monday. The company has a market capitalization of $172.41 million, a price-to-earnings ratio of 3.41 and a beta of 0.71. 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 50 day moving average of $4.58 and a two-hundred day moving average of $5.69. Gran Tierra Energy Inc. has a 52-week low of $3.34 and a 52-week high of $10.40.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, major shareholder Equinox Partners Investment Ma purchased 123,000 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $4.11 per share, with a total value of $505,530.00. Following the completion of the acquisition, the insider now owns 1,855,436 shares of the company’s stock, valued at approximately $7,625,841.96. This trade represents a 7.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 476,527 shares of company stock valued at $2,003,350. Corporate insiders own 6.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GTE shares. StockNews.com cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus assumed coverage on shares of Gran Tierra Energy in a research note on Tuesday, May 13th. They issued a “buy” rating for the company.

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.