Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. bought 8,300 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $19.05 per share, for a total transaction of $158,115.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large 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 Wednesday, August 30th, Two Harbors Investment Corp. bought 12,912 shares of Granite Point Mortgage Trust stock. The shares were purchased 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. bought 2,394 shares of Granite Point Mortgage Trust stock. The shares were purchased 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 shares were bought at an average price 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 shares were bought at an average price 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 shares were bought at an average price of $19.08 per share, for a total transaction of $824,484.96.

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) traded up 0.42% during mid-day trading on Tuesday, reaching $19.23. The company’s stock had a trading volume of 93,627 shares. Granite Point Mortgage Trust Inc has a 52 week low of $18.13 and a 52 week high of $19.30. The stock’s market capitalization is $831.41 million. The firm has a 50-day moving average of $19.10 and a 200-day moving average of $19.06.

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Several brokerages have weighed in on GPMT. Bank of America Corporation began coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “neutral” rating on the stock. JMP Securities started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They issued an “outperform” rating and a $20.50 price objective on the stock. Keefe, Bruyette & Woods started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They issued a “market perform” rating and a $19.50 price objective on the stock. Finally, J P Morgan Chase & Co started coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They issued an “overweight” rating and a $20.00 price objective on the stock.

Large investors have recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Granite Point Mortgage Trust during the second quarter valued at approximately $218,000. Empyrean Capital Partners LP acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth approximately $5,470,000. Goldman Sachs Group Inc. acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth approximately $45,408,000. Jacobs Asset Management LLC acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth approximately $13,739,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Granite Point Mortgage Trust during the second quarter worth approximately $2,117,000.

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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