In yesterday’s Wall Street session, Granite Point Mortgage Trust Inc (NYSE:GPMT) shares traded at $3.05, down -1.61% from the previous session.
GPMT stock price is now -18.42% away from the 50-day moving average and -36.04% away from the 200-day moving average. The market capitalization of the company currently stands at $155.64M.
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On December 06, 2023, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $6.50, while ‘Keefe Bruyette’ rates the stock as ‘Underperform’
In other news, KASNET STEPHEN G, Director sold 27,027 shares of the company’s stock on Jun 05 ’24. The stock was sold for $83,162 at an average price of $3.08. Upon completion of the transaction, the Director now directly owns 121,066 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Director DEHNE TANUJA M sold 5,717 shares of the business’s stock. A total of $17,780 was realized by selling the stock at an average price of $3.11. This leaves the insider owning 50,710 shares of the company worth $0.15 million. A total of 2.78% of the company’s stock is owned by insiders.
During the past 12 months, Granite Point Mortgage Trust Inc has had a low of $2.86 and a high of $6.41. The fifty day moving average price for GPMT is $3.71 and a two-hundred day moving average price translates $4.75685 for the stock.
The latest earnings results from Granite Point Mortgage Trust Inc (NYSE: GPMT) was released for 2024-03-31. The net profit margin was -46.89% and return on equity was -12.32% for GPMT. The company reported revenue of $12.52 million for the quarter, compared to $22.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.35 percent.
