Janney Montgomery Scott LLC Has $481,000 Stake in Gran Tierra Energy Inc. (NYSE:GTE)

Janney Montgomery Scott LLC lowered its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,499 shares of the company’s stock after selling 2,144 shares during the period. Janney Montgomery Scott LLC’s holdings in Gran Tierra Energy were worth $481,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GTE. Exchange Traded Concepts LLC raised its position in Gran Tierra Energy by 40.2% in the third quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company’s stock worth $304,000 after purchasing an additional 13,874 shares in the last quarter. Equinox Partners Investment Management LLC grew its stake in shares of Gran Tierra Energy by 159.0% during the third quarter. Equinox Partners Investment Management LLC now owns 2,071,626 shares of the company’s stock valued at $12,989,000 after purchasing an additional 1,271,680 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Gran Tierra Energy by 76.5% during the third quarter. GSA Capital Partners LLP now owns 101,047 shares of the company’s stock valued at $634,000 after purchasing an additional 43,795 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Gran Tierra Energy in the third quarter valued at approximately $121,000. Finally, Empowered Funds LLC lifted its holdings in Gran Tierra Energy by 39.3% in the third quarter. Empowered Funds LLC now owns 207,067 shares of the company’s stock valued at $1,298,000 after buying an additional 58,438 shares during the period. Institutional investors and hedge funds own 31.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Monday, January 20th.

Insider Buying and Selling

In related news, Director Ronald Royal sold 19,967 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.45% of the stock is currently owned by company insiders.

Gran Tierra Energy Trading Down 0.4 %

Shares of NYSE:GTE opened at $5.69 on Monday. Gran Tierra Energy Inc. has a 12 month low of $4.97 and a 12 month high of $10.40. 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’s fifty day simple moving average is $6.78 and its 200 day simple moving average is $6.85. The firm has a market cap of $174.40 million, a price-to-earnings ratio of 3.98 and a beta of 1.49.

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.