Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. bought 8,166 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was bought at an average cost of $18.93 per share, for a total transaction of $154,582.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% 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 Monday, October 2nd, Two Harbors Investment Corp. bought 66,918 shares of Granite Point Mortgage Trust stock. The stock was bought at an average cost of $18.80 per share, for a total transaction of $1,258,058.40.
  • On Wednesday, September 27th, Two Harbors Investment Corp. acquired 7,962 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $18.95 per share, for a total transaction of $150,879.90.
  • On Friday, September 22nd, Two Harbors Investment Corp. acquired 30,655 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $18.84 per share, for a total transaction of $577,540.20.
  • On Tuesday, September 19th, Two Harbors Investment Corp. acquired 73,439 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $18.92 per share, for a total transaction of $1,389,465.88.
  • On Friday, September 8th, Two Harbors Investment Corp. acquired 8,300 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $158,115.00.
  • On Wednesday, August 30th, Two Harbors Investment Corp. acquired 12,912 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $245,973.60.
  • On Thursday, August 24th, Two Harbors Investment Corp. acquired 2,394 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $45,605.70.
  • On Friday, August 18th, Two Harbors Investment Corp. acquired 24,488 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.10 per share, for a total transaction of $467,720.80.
  • On Thursday, August 17th, Two Harbors Investment Corp. acquired 32,300 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.09 per share, for a total transaction of $616,607.00.
  • On Friday, August 11th, Two Harbors Investment Corp. acquired 43,212 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.08 per share, for a total transaction of $824,484.96.

Granite Point Mortgage Trust Inc (GPMT) traded down 0.58% during mid-day trading on Friday, reaching $18.97. The company’s stock had a trading volume of 34,915 shares. The firm’s market capitalization is $820.17 million. Granite Point Mortgage Trust Inc has a 52 week low of $18.54 and a 52 week high of $19.30. The firm’s 50 day moving average price is $19.05 and its 200 day moving average price is $19.04.

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 $0.32 dividend. The ex-dividend date is Thursday, September 28th.

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A number of research analysts recently weighed in on the company. Bank of America Corporation assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “neutral” rating on the stock. Zacks Investment Research raised Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, September 20th. J P Morgan Chase & Co assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price objective on the stock. Finally, JMP Securities assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Granite Point Mortgage Trust presently has an average rating of “Buy” and a consensus price target of $20.25.

Several institutional investors have recently modified their holdings of GPMT. Kennedy Capital Management Inc. acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter worth $5,673,000. Bienville Capital Management LLC acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter worth $191,000. Wells Fargo & Company MN acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter worth $393,000. Balyasny Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter worth $2,117,000. Finally, Jacobs Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter worth $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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