Centiva Capital LP Makes New Investment in Gran Tierra Energy Inc. (NYSE:GTE)

Centiva Capital LP acquired a new stake in shares of Gran Tierra Energy Inc. (NYSE:GTE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,637 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. lifted its position in Gran Tierra Energy by 46.8% during the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after acquiring an additional 231,595 shares during the period. Intact Investment Management Inc. bought a new position in shares of Gran Tierra Energy during the second quarter valued at approximately $696,000. Main Street Financial Solutions LLC lifted its holdings in shares of Gran Tierra Energy by 204.7% during the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after purchasing an additional 302,583 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Gran Tierra Energy in the 3rd quarter worth approximately $121,000. Finally, Equinox Partners Investment Management LLC grew its stake in shares of Gran Tierra Energy by 159.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 2,071,626 shares of the company’s stock worth $12,989,000 after buying an additional 1,271,680 shares during the last quarter. Institutional investors own 31.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th.

Gran Tierra Energy Stock Up 1.0 %

NYSE:GTE opened at $6.77 on Friday. The firm has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $7.70. The firm has a market cap of $207.50 million, a P/E ratio of 4.73 and a beta of 1.57. Gran Tierra Energy Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Insider Activity at Gran Tierra Energy

In other Gran Tierra Energy news, CEO Gary Guidry acquired 40,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $6.11 per share, with a total value of $244,400.00. Following the completion of the transaction, the chief executive officer now directly owns 525,672 shares of the company’s stock, valued at approximately $3,211,855.92. This represents a 8.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ryan Ellson bought 12,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $6.29 per share, with a total value of $75,480.00. Following the transaction, the chief financial officer now owns 94,666 shares in the company, valued at $595,449.14. The trade was a 14.52 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 67,000 shares of company stock valued at $410,330 over the last 90 days. Corporate 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.