Insider Selling: Gran Tierra Energy Inc. (NYSE:GTE) Director Sells $24,709.70 in Stock

Gran Tierra Energy Inc. (NYSE:GTE) Director David P. Smith sold 4,798 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $5.15, for a total value of $24,709.70. Following the completion of the transaction, the director now directly owns 67,500 shares in the company, valued at approximately $347,625. This represents a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gran Tierra Energy Stock Down 1.6 %

Gran Tierra Energy stock opened at $5.00 on Friday. The firm has a 50 day moving average price of $5.37 and a 200-day moving average price of $6.18. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. Gran Tierra Energy Inc. has a twelve month low of $4.13 and a twelve month high of $10.40. The company has a market capitalization of $179.45 million, a P/E ratio of 3.50 and a beta of 1.45.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Hedge Funds Weigh In On Gran Tierra Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC purchased a new position in shares of Gran Tierra Energy during the 4th quarter valued at $491,000. Jefferies Financial Group Inc. purchased a new stake in Gran Tierra Energy during the fourth quarter valued at about $260,000. LM Asset IM Inc. bought a new position in Gran Tierra Energy during the fourth quarter worth about $7,928,000. Lazard Asset Management LLC purchased a new position in shares of Gran Tierra Energy in the fourth quarter worth about $81,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Gran Tierra Energy in the fourth quarter valued at approximately $1,221,000. 31.70% of the stock is owned by institutional investors.

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.