Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. purchased 8,166 shares of the firm’s stock in a transaction on 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Two Harbors Investment Corp. also recently made the following trade(s):

  • On Monday, October 2nd, Two Harbors Investment Corp. purchased 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. purchased 7,962 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 30,655 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 73,439 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 8,300 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 12,912 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 2,394 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 24,488 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 32,300 shares of Granite Point Mortgage Trust stock. The stock was bought 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. purchased 43,212 shares of Granite Point Mortgage Trust stock. The stock was bought at an average cost of $19.08 per share, for a total transaction of $824,484.96.

Granite Point Mortgage Trust Inc (NASDAQ GPMT) traded up 0.05% during trading on Thursday, hitting $19.08. The stock had a trading volume of 52,727 shares. The stock has a 50 day moving average price of $19.05 and a 200-day moving average price of $19.04. Granite Point Mortgage Trust Inc has a 12 month low of $18.54 and a 12 month high of $19.30. The stock’s market cap is $824.92 million.

The firm also recently declared a special dividend, which will be paid on Wednesday, October 18th. Stockholders 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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Several hedge funds and other institutional investors have recently modified their holdings of the company. Bienville Capital Management LLC purchased a new stake in shares of Granite Point Mortgage Trust in the second quarter worth approximately $191,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Granite Point Mortgage Trust in the second quarter worth approximately $218,000. Wells Fargo & Company MN purchased a new stake in shares of Granite Point Mortgage Trust in the second quarter worth approximately $393,000. Balyasny Asset Management LLC purchased a new stake in shares of Granite Point Mortgage Trust in the second quarter worth approximately $2,117,000. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Granite Point Mortgage Trust in the second quarter worth approximately $5,470,000.

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

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.

Insider Buying and Selling by Quarter for Granite Point Mortgage Trust (NASDAQ:GPMT)

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