Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. bought 6,572 shares of Granite Point Mortgage Trust stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average cost of $18.96 per share, with a total value of $124,605.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, October 3rd, Two Harbors Investment Corp. bought 8,166 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average cost of $18.93 per share, with a total value of $154,582.38.
  • On Monday, October 2nd, Two Harbors Investment Corp. bought 66,918 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average cost of $18.80 per share, with a total value 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 bought at an average cost of $18.95 per share, with a total value 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 bought at an average cost of $18.84 per share, with a total value 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 bought at an average cost 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 cost 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 cost 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 cost 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 cost of $19.10 per share, with a total value of $467,720.80.
  • On Thursday, August 17th, Two Harbors Investment Corp. acquired 32,300 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average price of $19.09 per share, with a total value of $616,607.00.

Shares of Granite Point Mortgage Trust Inc (NASDAQ:GPMT) traded up 0.21% during midday trading on Tuesday, hitting $18.94. The stock had a trading volume of 69,832 shares. Granite Point Mortgage Trust Inc has a 52 week low of $18.54 and a 52 week high of $19.30. The firm’s market cap is $818.87 million. The company’s 50 day moving average is $19.03 and its 200 day moving average is $19.04.

The business also recently announced 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 of this dividend is Thursday, September 28th.

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A number of brokerages recently commented on GPMT. Bank of America Corporation assumed coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded 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 started 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Granite Point Mortgage Trust currently has an average rating of “Buy” and a consensus price target of $20.25.

Hedge funds have recently bought and sold shares of the company. Kennedy Capital Management Inc. bought a new stake in Granite Point Mortgage Trust during the second quarter worth $5,673,000. Bienville Capital Management LLC bought a new stake in Granite Point Mortgage Trust during the second quarter worth $191,000. Wells Fargo & Company MN bought a new stake in Granite Point Mortgage Trust during the second quarter worth $393,000. Balyasny Asset Management LLC bought a new stake in Granite Point Mortgage Trust during the second quarter worth $2,117,000. Finally, Jacobs Asset Management LLC bought a new stake in Granite Point Mortgage Trust during the second quarter worth $13,739,000.

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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