10,100 Shares in Granite Point Mortgage Trust Inc (GPMT) Purchased by Bienville Capital Management LLC

Bienville Capital Management LLC purchased a new position in shares of Granite Point Mortgage Trust Inc (NASDAQ:GPMT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,100 shares of the company’s stock, valued at approximately $191,000.

Separately, Kennedy Capital Management Inc. acquired a new stake in Granite Point Mortgage Trust in the 2nd quarter valued at approximately $5,673,000.

In other news, CFO Marcin Urbaszek acquired 5,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was purchased at an average cost of $19.50 per share, with a total value of $97,500.00. Following the acquisition, the chief financial officer now owns 18,500 shares of the company’s stock, valued at approximately $360,750. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Two Harbors Investment Corp. acquired 2,394 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $19.05 per share, with a total value of $45,605.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 294,900 shares of company stock valued at $5,632,513 over the last three months.

TRADEMARK VIOLATION NOTICE: This news story was originally published by BBNS and is the sole property of of BBNS. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/bienville-capital-management-llc-purchases-new-position-in-granite-point-mortgage-trust-inc-gpmt/1601346.html.

Shares of Granite Point Mortgage Trust Inc (NASDAQ GPMT) opened at 19.02 on Friday. The company has a 50-day moving average of $19.12 and a 200-day moving average of $19.06. The stock’s market capitalization is $822.33 million. Granite Point Mortgage Trust Inc has a 12 month low of $18.54 and a 12 month high of $19.30.

The company also recently disclosed a special dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 28th.

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

Institutional Ownership by Quarter for Granite Point Mortgage Trust (NASDAQ:GPMT)

Receive News & Ratings for Granite Point Mortgage Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust Inc and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.