Two Harbors Investment Corp.

stated that they own a 76.6% stake in Granite Point Mortgage Trust Inc (NASDAQ:GPMT) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, August 11th. The investor owns 33,114,212 shares of the stock worth approximately $638,442,007. The reporting parties listed on the disclosure included Two Harbors Investment Corp, 270312904, Two Harbors Operating Company LLC, 270312904 and Capitol Acquisition Corp, 260435458. The disclosure is available through EDGAR at this link.

Two Harbors Investment Corp.

provided the following explanation of their ownership:

Warning: file_get_contents(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Warning: file_get_contents(https://whalewisdom.com
33,114,212
): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Other hedge funds have also recently bought and sold shares of the company. Bienville Capital Management LLC acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth $191,000. Wells Fargo & Company MN acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth $393,000. Finally, Kennedy Capital Management Inc. acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth $5,673,000.

Shares of Granite Point Mortgage Trust Inc (NASDAQ GPMT) traded up 0.73% on Friday, reaching $19.28. The company’s stock had a trading volume of 54,342 shares. The company’s market cap is $833.57 million. Granite Point Mortgage Trust Inc has a 52-week low of $18.61 and a 52-week high of $19.30. The company has a 50 day moving average price of $19.03 and a 200 day moving average price of $19.03.

WARNING: “76.6% Stake of Granite Point Mortgage Trust Inc (NASDAQ:GPMT) Maintained by Two Harbors Investment Corp.” was posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/76-6-stake-of-granite-point-mortgage-trust-inc-nasdaqgpmt-maintained-by-two-harbors-investment-corp/1476199.html.

A number of research analysts have recently weighed in on GPMT shares. Keefe, Bruyette & Woods started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price target on the stock. Bank of America Corporation started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “neutral” rating on the stock. JMP Securities started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price target on the stock. Finally, J P Morgan Chase & Co started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price target on the stock.

In other news, CFO Marcin Urbaszek purchased 5,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were purchased at an average price of $19.50 per share, with a total value of $97,500.00. Following the purchase, the chief financial officer now directly owns 18,500 shares of the company’s stock, valued at approximately $360,750. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Two Harbors Investment Corp. purchased 43,212 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $824,484.96. The disclosure for this purchase can be found here. Insiders have purchased a total of 100,412 shares of company stock worth $1,939,885 in the last ninety days.

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.

Want to see what other hedge funds are holding GPMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Granite Point Mortgage Trust Inc (NASDAQ:GPMT).

Receive News & Ratings for Granite Point Mortgage Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.