Insider Buying: Granite Point Mortgage Trust Inc (GPMT) Major Shareholder Purchases $124,605.12 in Stock

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. purchased 6,572 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were purchased at an average price of $18.96 per share, with a total value of $124,605.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Two Harbors Investment Corp. also recently made the following trade(s):

  • On Tuesday, October 3rd, Two Harbors Investment Corp. purchased 8,166 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $18.93 per share, with a total value of $154,582.38.
  • On Monday, October 2nd, Two Harbors Investment Corp. purchased 66,918 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $18.80 per share, with a total value of $1,258,058.40.
  • On Wednesday, September 27th, Two Harbors Investment Corp. purchased 7,962 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $18.95 per share, with a total value of $150,879.90.
  • On Friday, September 22nd, Two Harbors Investment Corp. purchased 30,655 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $18.84 per share, with a total value of $577,540.20.
  • On Tuesday, September 19th, Two Harbors Investment Corp. purchased 73,439 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $18.92 per share, with a total value of $1,389,465.88.
  • On Friday, September 8th, Two Harbors Investment Corp. purchased 8,300 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $19.05 per share, with a total value of $158,115.00.
  • On Wednesday, August 30th, Two Harbors Investment Corp. purchased 12,912 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $19.05 per share, with a total value of $245,973.60.
  • On Thursday, August 24th, Two Harbors Investment Corp. purchased 2,394 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $19.05 per share, with a total value of $45,605.70.
  • On Friday, August 18th, Two Harbors Investment Corp. purchased 24,488 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $19.10 per share, with a total value of $467,720.80.
  • On Thursday, August 17th, Two Harbors Investment Corp. purchased 32,300 shares of Granite Point Mortgage Trust stock. The shares were purchased at an average price of $19.09 per share, with a total value of $616,607.00.

Granite Point Mortgage Trust Inc (NASDAQ GPMT) opened at 18.95 on Friday. The stock’s 50 day moving average is $19.03 and its 200-day moving average is $19.03. Granite Point Mortgage Trust Inc has a 12 month low of $18.54 and a 12 month high of $19.30. The firm’s market cap is $819.28 million.

The business also recently announced a special dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, September 29th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, September 28th.

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GPMT has been the subject of a number of recent analyst reports. Bank of America Corporation began coverage on shares of Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods began coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price objective for the company. JMP Securities began coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price objective for the company. Zacks Investment Research raised shares of Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, September 20th. Finally, J P Morgan Chase & Co began coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Granite Point Mortgage Trust presently has a consensus rating of “Hold” and a consensus price target of $20.25.

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $45,408,000. Jacobs Asset Management LLC bought a new stake in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $13,739,000. Kennedy Capital Management Inc. bought a new stake in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $5,673,000. Empyrean Capital Partners LP bought a new stake in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $5,470,000. Finally, Balyasny Asset Management LLC bought a new stake in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $2,117,000.

About Granite Point Mortgage Trust

Granite Point Mortgage Trust Inc is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor.

Insider Buying and Selling by Quarter for Granite Point Mortgage Trust (NASDAQ:GPMT)

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