Main Street Financial Solutions LLC Has $1.99 Million Stock Holdings in Gran Tierra Energy Inc. (NYSE:GTE)

Main Street Financial Solutions LLC decreased its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 29.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 316,630 shares of the company’s stock after selling 133,773 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Gran Tierra Energy were worth $1,985,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GTE. Victory Capital Management Inc. bought a new position in Gran Tierra Energy during the 3rd quarter worth $121,000. Hillsdale Investment Management Inc. bought a new position in Gran Tierra Energy during the first quarter worth about $203,000. Aristides Capital LLC acquired a new stake in Gran Tierra Energy in the 2nd quarter worth about $248,000. Exchange Traded Concepts LLC boosted its holdings in Gran Tierra Energy by 40.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 48,412 shares of the company’s stock valued at $304,000 after purchasing an additional 13,874 shares during the period. Finally, Quadrature Capital Ltd grew its position in shares of Gran Tierra Energy by 123.3% during the 1st quarter. Quadrature Capital Ltd now owns 60,056 shares of the company’s stock worth $430,000 after purchasing an additional 33,167 shares in the last quarter. Institutional investors and hedge funds own 31.70% of the company’s stock.

Insider Transactions at Gran Tierra Energy

In related news, CEO Gary Guidry bought 40,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $6.11 per share, with a total value of $244,400.00. Following the acquisition, the chief executive officer now owns 525,672 shares of the company’s stock, valued at $3,211,855.92. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Gran Tierra Energy news, CFO Ryan Ellson acquired 12,000 shares of the company’s stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of $6.29 per share, with a total value of $75,480.00. Following the completion of the purchase, the chief financial officer now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Guidry bought 40,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the acquisition, the chief executive officer now directly owns 525,672 shares of the company’s stock, valued at approximately $3,211,855.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 67,000 shares of company stock valued at $410,330. Company insiders own 7.06% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Gran Tierra Energy Stock Performance

Shares of GTE remained flat at $6.09 during trading hours on Wednesday. The stock had a trading volume of 195,862 shares, compared to its average volume of 335,598. The company has a market capitalization of $186.66 million, a PE ratio of 4.23 and a beta of 1.56. The business’s fifty day moving average is $6.34. Gran Tierra Energy Inc. has a 12 month low of $4.72 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.

Gran Tierra Energy 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.