Equities research analysts at Keefe, Bruyette & Woods assumed coverage on shares of Granite Point Mortgage Trust Inc (NASDAQ:GPMT) in a report released on Tuesday, The Fly reports. The firm set a “market perform” rating on the stock.

Separately, J P Morgan Chase & Co began coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday. They set an “overweight” rating for the company.

Granite Point Mortgage Trust (NASDAQ:GPMT) opened at 19.07 on Tuesday. The stock’s market cap is $824.49 million. The firm’s 50 day moving average price is $18.93 and its 200-day moving average price is $18.93. Granite Point Mortgage Trust has a 1-year low of $18.13 and a 1-year high of $19.26.

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In other news, insider Stephen Alpart purchased 25,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average cost of $19.50 per share, with a total value of $501,150.00. Following the completion of the acquisition, the insider now directly owns 45,700 shares of the company’s stock, valued at approximately $891,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Steven Plust purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were purchased at an average cost of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the chief operating officer now directly owns 45,000 shares of the company’s stock, valued at $877,500. The disclosure for this purchase can be found here. Insiders have purchased 57,200 shares of company stock valued at $1,115,400 over the last three months.

The Fly

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