Dynamic Technology Lab Private Ltd Invests $89,000 in Gran Tierra Energy Inc. (NYSE:GTE)

Dynamic Technology Lab Private Ltd acquired a new position in Gran Tierra Energy Inc. (NYSE:GTE) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,208 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. bought a new stake in shares of Gran Tierra Energy in the third quarter worth $121,000. Aristides Capital LLC purchased a new stake in shares of Gran Tierra Energy in the second quarter worth about $248,000. Exchange Traded Concepts LLC lifted its position in shares of 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 buying an additional 13,874 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Gran Tierra Energy in the second quarter worth about $465,000. Finally, GSA Capital Partners LLP lifted its position in shares of Gran Tierra Energy by 76.5% in the third quarter. GSA Capital Partners LLP now owns 101,047 shares of the company’s stock worth $634,000 after buying an additional 43,795 shares in the last quarter. 31.70% of the stock is currently owned by institutional investors.

Gran Tierra Energy Stock Performance

NYSE:GTE opened at $6.76 on Wednesday. The firm has a market capitalization of $207.19 million, a PE ratio of 4.63 and a beta of 1.57. The business’s fifty day moving average price is $6.38 and its 200 day moving average price is $7.82. Gran Tierra Energy Inc. has a 12 month low of $4.72 and a 12 month high of $10.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

Insiders Place Their Bets

In related news, CFO Ryan Ellson bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average cost of $6.29 per share, with a total value of $75,480.00. Following the acquisition, the chief financial officer now owns 94,666 shares in the company, valued at $595,449.14. This trade represents a 14.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary Guidry acquired 40,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of $6.11 per share, with a total value of $244,400.00. Following the transaction, the chief executive officer now owns 525,672 shares of the company’s stock, valued at approximately $3,211,855.92. This represents a 8.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 67,000 shares of company stock worth $410,330. Company insiders own 7.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.