Granite Point Mortgage Trust Inc (GPMT) Director William Roth Buys 10,000 Shares

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) Director William Roth acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $17.56 per share, with a total value of $175,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) opened at $17.56 on Tuesday. Granite Point Mortgage Trust Inc has a fifty-two week low of $17.02 and a fifty-two week high of $19.30.

The business also recently declared a special dividend, which was paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th were issued a $0.32 dividend. The ex-dividend date was Thursday, September 28th.

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A number of research firms recently issued reports on GPMT. Bank of America Corporation began coverage on shares of Granite Point Mortgage Trust in a research 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 target price 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 target price for the company. J P Morgan Chase & Co started 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 target price for the company. Finally, Zacks Investment Research cut Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.58.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPMT. Kennedy Capital Management Inc. purchased a new position in Granite Point Mortgage Trust in the 2nd quarter worth approximately $5,673,000. Bienville Capital Management LLC purchased a new position in shares of Granite Point Mortgage Trust during the 2nd quarter valued at approximately $191,000. Wells Fargo & Company MN purchased a new position in shares of Granite Point Mortgage Trust during the 2nd quarter valued at approximately $393,000. Balyasny Asset Management LLC purchased a new position in shares of Granite Point Mortgage Trust during the 2nd quarter valued at approximately $2,117,000. Finally, Jacobs Asset Management LLC purchased a new position in shares of Granite Point Mortgage Trust during the 2nd quarter valued at approximately $13,739,000.

Granite Point Mortgage Trust Company Profile

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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