Gran Tierra Energy Inc. (NYSE:GTE) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 40.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,412 shares of the company’s stock after acquiring an additional 13,874 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.15% of Gran Tierra Energy worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GTE. Quadrature Capital Ltd acquired a new stake in Gran Tierra Energy in the fourth quarter worth $151,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Gran Tierra Energy in the first quarter valued at about $203,000. Aristides Capital LLC bought a new position in Gran Tierra Energy in the 2nd quarter worth approximately $248,000. Quest Partners LLC acquired a new position in Gran Tierra Energy during the 2nd quarter valued at $465,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Gran Tierra Energy during the second quarter valued at about $696,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

Gran Tierra Energy Price Performance

Shares of GTE stock opened at $6.25 on Monday. The firm has a market cap of $195.83 million, a price-to-earnings ratio of 62.50 and a beta of 1.55. The company has a fifty day moving average of $6.86. Gran Tierra Energy Inc. has a one year low of $4.72 and a one year high of $10.40. 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 (NYSE:GTE) last announced its earnings results on Wednesday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%. The business had revenue of $165.61 million during the quarter.

Analysts Set New Price Targets

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

Insider Transactions at Gran Tierra Energy

In other Gran Tierra Energy news, CEO Gary Guidry bought 40,000 shares of Gran Tierra Energy stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of $6.11 per share, with a total value of $244,400.00. Following the acquisition, the chief executive officer now directly owns 525,672 shares of the company’s stock, valued at $3,211,855.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Gran Tierra Energy news, CEO Gary Guidry purchased 40,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $6.11 per share, with a total value of $244,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 525,672 shares of the company’s stock, valued at $3,211,855.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ryan Ellson purchased 12,000 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of $6.29 per share, for a total transaction of $75,480.00. Following the transaction, the chief financial officer now owns 94,666 shares in the company, valued at $595,449.14. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 67,000 shares of company stock valued at $410,330. Corporate insiders own 6.45% of the company’s stock.

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.