Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. bought 12,912 shares of Granite Point Mortgage Trust stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of $19.05 per share, with a total value of $245,973.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 Thursday, August 24th, Two Harbors Investment Corp. bought 2,394 shares of Granite Point Mortgage Trust stock. The stock was purchased 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. bought 24,488 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average price of $19.10 per share, with a total value of $467,720.80.
  • On Thursday, August 17th, Two Harbors Investment Corp. bought 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.
  • On Friday, August 11th, Two Harbors Investment Corp. bought 43,212 shares of Granite Point Mortgage Trust stock. The stock was purchased at an average price of $19.08 per share, with a total value of $824,484.96.

Shares of Granite Point Mortgage Trust Inc (GPMT) traded down 0.05% during midday trading on Thursday, reaching $19.14. The company’s stock had a trading volume of 83,661 shares. The stock’s market capitalization is $827.52 million. The company has a 50 day moving average of $19.07 and a 200-day moving average of $19.05. Granite Point Mortgage Trust Inc has a 52 week low of $18.13 and a 52 week high of $19.30.

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Large investors have recently made changes to their positions in the stock. Bienville Capital Management LLC acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth approximately $191,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth approximately $218,000. Wells Fargo & Company MN acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth approximately $393,000. Balyasny Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth approximately $2,117,000. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth approximately $5,470,000.

A number of equities analysts recently issued reports on GPMT shares. Keefe, Bruyette & Woods started 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 for the company. Bank of America Corporation started coverage on Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “neutral” rating for the company. JMP Securities started 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 for the company. Finally, J P Morgan Chase & Co started 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 for the company.

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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