Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. purchased 66,918 shares of Granite Point Mortgage Trust stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average price of $18.80 per share, for a total transaction of $1,258,058.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large 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 Friday, October 13th, Two Harbors Investment Corp. purchased 28,189 shares of Granite Point Mortgage Trust stock. The stock was bought at an average price of $18.95 per share, for a total transaction of $534,181.55.
  • On Tuesday, October 10th, Two Harbors Investment Corp. acquired 6,572 shares of Granite Point Mortgage Trust stock. The stock was acquired at an average cost of $18.96 per share, for a total transaction of $124,605.12.
  • 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 cost of $18.93 per share, for a total transaction of $154,582.38.
  • On Wednesday, September 27th, Two Harbors Investment Corp. acquired 7,962 shares of Granite Point Mortgage Trust stock. The stock was bought 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired 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 stock was acquired at an average price of $19.10 per share, with a total value of $467,720.80.

Shares of Granite Point Mortgage Trust Inc (NASDAQ:GPMT) traded down 0.26% on Friday, hitting $18.90. The stock had a trading volume of 43,631 shares. The firm’s 50-day moving average price is $19.02 and its 200 day moving average price 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 $817.12 million.

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

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Several institutional investors have recently bought and sold shares of the company. Bienville Capital Management LLC acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter worth approximately $191,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust in the 2nd quarter worth $218,000. Wells Fargo & Company MN acquired a new stake in shares of Granite Point Mortgage Trust in the 2nd quarter worth $393,000. Balyasny Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $2,117,000. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $5,470,000.

A number of research analysts have recently weighed in on GPMT shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.50 price objective on shares of Granite Point Mortgage Trust in a research report on Thursday. Zacks Investment Research lowered Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America Corporation started coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set a “neutral” rating for the company. JMP Securities started coverage on 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. Finally, J P Morgan Chase & Co started coverage on 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.25.

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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