Gran Tierra Energy Inc (GTE) Major Shareholder Gmt Capital Corp Purchases 337,400 Shares

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) major shareholder Gmt Capital Corp bought 337,400 shares of Gran Tierra Energy stock in a transaction dated Thursday, April 11th. The stock was purchased at an average cost of $2.46 per share, for a total transaction of $830,004.00. Following the completion of the acquisition, the insider now directly owns 74,557,386 shares of the company’s stock, valued at approximately $183,411,169.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Gmt Capital Corp also recently made the following trade(s):

  • On Monday, April 8th, Gmt Capital Corp acquired 100,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.49 per share, for a total transaction of $249,000.00.
  • On Wednesday, March 27th, Gmt Capital Corp acquired 355,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.34 per share, for a total transaction of $830,700.00.
  • On Monday, March 25th, Gmt Capital Corp acquired 523,000 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.28 per share, for a total transaction of $1,192,440.00.
  • On Wednesday, March 20th, Gmt Capital Corp acquired 736,032 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.51 per share, for a total transaction of $1,847,440.32.
  • On Monday, March 18th, Gmt Capital Corp acquired 482,800 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.41 per share, for a total transaction of $1,163,548.00.
  • On Monday, March 11th, Gmt Capital Corp acquired 163,600 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.30 per share, for a total transaction of $376,280.00.
  • On Tuesday, April 2nd, Gmt Capital Corp acquired 6,444,800 shares of Gran Tierra Energy stock. The shares were bought at an average cost of $2.37 per share, for a total transaction of $15,274,176.00.

GTE opened at $2.48 on Tuesday. Gran Tierra Energy Inc has a one year low of $2.03 and a one year high of $3.96.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its earnings results on Wednesday, February 27th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). The firm had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $154.40 million. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) earnings per share.

Several brokerages have weighed in on GTE. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Citigroup reissued a “buy” rating on shares of Gran Tierra Energy in a research note on Monday, December 17th. Finally, GMP Securities cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of Gran Tierra Energy by 6.8% in the fourth quarter. Deutsche Bank AG now owns 2,884,405 shares of the company’s stock valued at $6,259,000 after purchasing an additional 183,600 shares during the period. Norges Bank purchased a new stake in shares of Gran Tierra Energy in the fourth quarter valued at approximately $12,493,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Gran Tierra Energy by 4.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,843,536 shares of the company’s stock valued at $8,340,000 after purchasing an additional 173,488 shares during the period. Millennium Management LLC boosted its holdings in shares of Gran Tierra Energy by 856.5% in the fourth quarter. Millennium Management LLC now owns 201,386 shares of the company’s stock valued at $437,000 after purchasing an additional 180,332 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Gran Tierra Energy by 94.0% in the fourth quarter. Legal & General Group Plc now owns 129,405 shares of the company’s stock valued at $282,000 after purchasing an additional 62,687 shares during the period.

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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. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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