Empowered Funds LLC Boosts Holdings in Gran Tierra Energy Inc. (NYSE:GTE)

Empowered Funds LLC grew its holdings in Gran Tierra Energy Inc. (NYSE:GTE) by 39.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207,067 shares of the company’s stock after acquiring an additional 58,438 shares during the period. Empowered Funds LLC owned 0.67% of Gran Tierra Energy worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GTE. Dimensional Fund Advisors LP grew its holdings in Gran Tierra Energy by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 206,579 shares of the company’s stock valued at $1,998,000 after purchasing an additional 10,000 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Gran Tierra Energy by 40.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company’s stock valued at $304,000 after purchasing an additional 13,874 shares during the period. Victory Capital Management Inc. bought a new position in Gran Tierra Energy in the 3rd quarter worth $121,000. Renaissance Technologies LLC raised its holdings in Gran Tierra Energy by 2.6% during the second 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 period. Finally, Aristides Capital LLC purchased a new position in shares of Gran Tierra Energy in the second quarter valued at about $248,000. Institutional investors own 31.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Gran Tierra Energy

In related news, CFO Ryan Ellson bought 12,000 shares of the stock in a transaction on Monday, September 30th. The stock was bought at an average price of $6.29 per share, for a total transaction of $75,480.00. Following the completion of the acquisition, the chief financial officer now directly owns 94,666 shares in the company, valued at approximately $595,449.14. This represents a 14.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary Guidry acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of $6.03 per share, for a total transaction of $90,450.00. Following the transaction, the chief executive officer now owns 440,672 shares of the company’s stock, valued at $2,657,252.16. This represents a 3.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 67,000 shares of company stock worth $410,330 over the last 90 days. Company insiders own 6.45% of the company’s stock.

Gran Tierra Energy Stock Performance

NYSE GTE opened at $6.26 on Friday. The company has a market cap of $191.87 million, a P/E ratio of 4.38 and a beta of 1.56. Gran Tierra Energy Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $10.40. The business’s 50 day moving average price is $6.33 and its 200-day moving average price is $7.96. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

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.