Granite Point Mortgage Trust Inc. (NYSE:GPMT) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its position in Granite Point Mortgage Trust Inc. (NYSE:GPMT) by 120.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,265 shares of the company’s stock after buying an additional 132,903 shares during the period. Jane Street Group LLC owned about 0.49% of Granite Point Mortgage Trust worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its position in shares of Granite Point Mortgage Trust by 13.8% in the fourth quarter. Northern Trust Corp now owns 526,465 shares of the company’s stock valued at $1,469,000 after buying an additional 63,970 shares during the last quarter. Gratia Capital LLC purchased a new stake in Granite Point Mortgage Trust in the fourth quarter valued at approximately $1,953,000. Tower Research Capital LLC TRC grew its holdings in Granite Point Mortgage Trust by 190.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,786 shares of the company’s stock valued at $41,000 after purchasing an additional 9,697 shares during the period. MetLife Investment Management LLC grew its holdings in Granite Point Mortgage Trust by 104.8% in the fourth quarter. MetLife Investment Management LLC now owns 12,676 shares of the company’s stock valued at $35,000 after purchasing an additional 6,487 shares during the period. Finally, Barclays PLC grew its holdings in Granite Point Mortgage Trust by 6.6% in the fourth quarter. Barclays PLC now owns 123,382 shares of the company’s stock valued at $344,000 after purchasing an additional 7,632 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Insiders Place Their Bets

In other Granite Point Mortgage Trust news, Director Patrick Gregory Halter acquired 34,001 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $2.80 per share, for a total transaction of $95,202.80. Following the completion of the purchase, the director now directly owns 34,001 shares in the company, valued at $95,202.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lazar Nikolic acquired 47,832 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were acquired at an average price of $2.50 per share, with a total value of $119,580.00. Following the completion of the purchase, the director now owns 648,594 shares of the company’s stock, valued at $1,621,485. This trade represents a 7.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 90,723 shares of company stock worth $247,047 over the last ninety days. 2.30% of the stock is owned by company insiders.

Granite Point Mortgage Trust Stock Up 0.6%

GPMT opened at $2.39 on Monday. Granite Point Mortgage Trust Inc. has a 52-week low of $1.61 and a 52-week high of $3.66. The company has a 50 day moving average of $2.18 and a two-hundred day moving average of $2.73. The company has a market cap of $115.45 million, a P/E ratio of -0.54 and a beta of 1.66.

Granite Point Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.20 annualized dividend and a yield of 8.39%. Granite Point Mortgage Trust’s dividend payout ratio is currently -6.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GPMT shares. Keefe, Bruyette & Woods lowered their target price on shares of Granite Point Mortgage Trust from $2.50 to $2.25 and set a “market perform” rating for the company in a report on Wednesday, April 30th. UBS Group restated a “buy” rating and issued a $3.25 target price (up from $2.50) on shares of Granite Point Mortgage Trust in a report on Wednesday, May 21st. Finally, JMP Securities restated a “market perform” rating on shares of Granite Point Mortgage Trust in a report on Tuesday, February 18th.

About Granite Point Mortgage Trust

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.