Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. purchased 50,000 shares of Granite Point Mortgage Trust stock in a transaction that occurred on Friday, October 20th. The stock was purchased at an average cost of $18.56 per share, for a total transaction of $928,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, October 18th, Two Harbors Investment Corp. purchased 34,338 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average cost of $18.85 per share, for a total transaction of $647,271.30.
  • On Friday, October 13th, Two Harbors Investment Corp. purchased 28,189 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average cost of $18.95 per share, for a total transaction of $534,181.55.
  • On Tuesday, October 10th, Two Harbors Investment Corp. purchased 6,572 shares of Granite Point Mortgage Trust stock. The stock was purchased 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 stock was purchased at an average cost of $18.93 per share, for a total transaction of $154,582.38.
  • On Monday, October 2nd, Two Harbors Investment Corp. purchased 66,918 shares of Granite Point Mortgage Trust stock. The stock was purchased 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 purchased 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. bought 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. bought 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. bought 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. bought 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.

Granite Point Mortgage Trust Inc (NASDAQ GPMT) traded down 0.54% during midday trading on Monday, hitting $18.30. The company had a trading volume of 171,399 shares. The stock’s market capitalization is $791.18 million. The stock has a 50 day moving average price of $18.95 and a 200-day moving average price of $19.01. Granite Point Mortgage Trust Inc has a 52 week low of $18.13 and a 52 week high of $19.30.

The firm also recently announced a special dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 28th.

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A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in Granite Point Mortgage Trust during the 2nd quarter worth $45,408,000. Jacobs Asset Management LLC purchased a new position in Granite Point Mortgage Trust during the 2nd quarter worth $13,739,000. Kennedy Capital Management Inc. purchased a new position in Granite Point Mortgage Trust during the 2nd quarter worth $5,673,000. Empyrean Capital Partners LP purchased a new position in Granite Point Mortgage Trust during the 2nd quarter worth $5,470,000. Finally, Balyasny Asset Management LLC purchased a new position in Granite Point Mortgage Trust during the 2nd quarter worth $2,117,000.

A number of equities research analysts have recently commented on the company. Bank of America Corporation assumed coverage on Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “neutral” rating on the stock. JMP Securities assumed coverage on Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $20.50 target price on the stock. Keefe, Bruyette & Woods assumed coverage on Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “market perform” rating and a $19.50 target price on the stock. J P Morgan Chase & Co assumed coverage on Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued an “overweight” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research cut Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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