Aristides Capital LLC Acquires New Stake in Gran Tierra Energy Inc. (NYSE:GTE)

Aristides Capital LLC bought a new position in Gran Tierra Energy Inc. (NYSE:GTE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,613 shares of the company’s stock, valued at approximately $248,000. Aristides Capital LLC owned approximately 0.08% of Gran Tierra Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in shares of Gran Tierra Energy by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock worth $1,998,000 after acquiring an additional 10,000 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Gran Tierra Energy during the first quarter worth about $85,000. Renaissance Technologies LLC raised its holdings in Gran Tierra Energy by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock valued at $7,544,000 after acquiring an additional 20,100 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Gran Tierra Energy during the 4th quarter worth approximately $151,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Gran Tierra Energy during the first quarter worth $203,000. 31.70% of the stock is currently owned by institutional investors.

Gran Tierra Energy Trading Up 1.8 %

Shares of NYSE GTE opened at $6.27 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.38. Gran Tierra Energy Inc. has a 12-month low of $4.72 and a 12-month high of $10.40. The business has a 50 day moving average of $7.43. The company has a market cap of $196.45 million, a P/E ratio of 62.70 and a beta of 1.56.

Gran Tierra Energy (NYSE:GTE) last announced its earnings results on Wednesday, July 31st. The company reported $1.16 EPS for the quarter. The firm had revenue of $165.61 million for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th.

Insider Buying and Selling at Gran Tierra Energy

In other news, CEO Gary Guidry bought 40,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the completion of the purchase, the chief executive officer now owns 525,672 shares in the company, valued at $3,211,855.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.45% of the company’s stock.

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.