2 weeks Ago By ABMN Staff
Granite Point Mortgage Trust Inc. ( NYSE:GPMT – Get Free Report ) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,030,000 shares, a growth of 13.
1% from the August 31st total of 910,900 shares. Approximately 2.1% of the company’s stock are short sold.
Based on an average daily volume of 425,900 shares, the days-to-cover ratio is currently 2.4 days. Hedge Funds Weigh In On Granite Point Mortgage Trust A number of large investors have recently bought and sold shares of GPMT.
Westend Capital Management LLC purchased a new stake in shares of Granite Point Mortgage Trust during the first quarter worth about $43,000. B. Riley Wealth Advisors Inc.
acquired a new position in Granite Point Mortgage Trust in the 1st quarter valued at $55,000. Naviter Wealth LLC lifted its holdings in Granite Point Mortgage Trust by 53.6% in the 2nd quarter.
Naviter Wealth LLC now owns 21,500 shares of the company’s stock valued at $64,000 after purchasing an additional 7,500 shares in the last quarter. Warther Private Wealth LLC acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter worth $65,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Granite Point Mortgage Trust by 25.
5% during the second quarter. The Manufacturers Life Insurance Company now owns 23,684 shares of the company’s stock worth $70,000 after buying an additional 4,807 shares in the last quarter. Institutional investors and hedge funds own 51.
63% of the company’s stock. Granite Point Mortgage Trust Price Performance GPMT stock traded down $0.03 during trading on Friday, hitting $3.
19. 385,711 shares of the company traded hands, compared to its average volume of 440,997. Granite Point Mortgage Trust has a 1 year low of $2.
46 and a 1 year high of $6.41. The company has a market cap of $162.
80 million, a PE ratio of -1.38 and a beta of 1.78.
The stock’s 50-day simple moving average is $2.78 and its 200 day simple moving average is $3.39.
Granite Point Mortgage Trust Dividend Announcement Wall Street Analysts Forecast Growth Separately, Keefe, Bruyette & Woods reduced their price target on Granite Point Mortgage Trust from $3.25 to $2.75 and set an “underperform” rating on the stock in a research report on Monday, August 12th.
Get Our Latest Stock Report on Granite Point Mortgage Trust About Granite Point Mortgage Trust ( Get Free Report ) Granite Point Mortgage Trust Inc, a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. Featured Stories Receive News & Ratings for Granite Point Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust and related companies with MarketBeat.
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