Tuesday, September 19, 2017 10:15 PM ET
Significant Insider purchase of Granite Point Mortgage Trust (GPMT) Shares Extends the Buying Trend of Last Quarter
There was significant buying activity in Granite Point Mortgage Trust shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Two Harbors Investment Corp, 10% Owner — purchased 73,439 shares in the company having a market value of approximately $1,389,372. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 133,606 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 207,045 shares and have averaged 69,015 shares per transaction over this time period.
The number of insider buy/sell trades at Granite Point Mortgage Trust is higher than the 32 peer company average over the last 90-day period. The Mortgage REITs peer group saw 23 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Granite Point Mortgage Trust insiders was also higher. Within the peer group there were 295,706 shares purchased and 32,758 shares sold with company insiders having bought 17,530 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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