Exchange Traded Concepts LLC Purchases 13,874 Shares of Gran Tierra Energy Inc. (NYSE:GTE)

Exchange Traded Concepts LLC increased its position in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 40.2% during the 3rd quarter, according to its most recent Form 13F filing 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’s holdings in Gran Tierra Energy were worth $304,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in Gran Tierra Energy during the 4th quarter valued at about $151,000. Hillsdale Investment Management Inc. acquired a new position in Gran Tierra Energy in the first quarter valued at approximately $203,000. Equinox Partners Investment Management LLC acquired a new position in Gran Tierra Energy in the second quarter valued at approximately $7,735,000. Intact Investment Management Inc. bought a new position in Gran Tierra Energy in the second quarter valued at approximately $696,000. Finally, Quest Partners LLC acquired a new stake in Gran Tierra Energy during the 2nd quarter worth $465,000. Institutional investors own 31.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Gran Tierra Energy Trading Down 1.0 %

Shares of GTE opened at $6.25 on Monday. The company has a market capitalization of $195.83 million, a PE ratio of 62.50 and a beta of 1.55. Gran Tierra Energy Inc. has a 1 year low of $4.72 and a 1 year high of $10.40. The stock’s 50-day moving average is $6.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.63 and a current ratio of 0.75.

Gran Tierra Energy (NYSE:GTE) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.16 earnings per share for the quarter. The business 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%.

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.