Monday, October 02, 2017 10:15 PM ET
Insider Makes Significant Stock buy in Granite Point Mortgage Trust (GPMT) Shares Extends the Trend of Last 90 Days
An insider — Two Harbors Investment Corp, 10% Owner — acquired 66,918 shares of Granite Point Mortgage Trust having a market value of approximately $1,258,040 today, as revealed in a form 4 document filed with the SEC. 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 acquisition of 245,662 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 312,580 shares and have averaged 104,193 shares per transaction over this time period.
Granite Point Mortgage Trust insider trading represents a level of buy/sell trades that is above for the 31 peer company average over the last 90-day period. The Mortgage REITs peer group saw 28 buy/sell trades during this period for an average of 0.9 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 406,762 shares purchased and 69,645 shares sold with company insiders purchasing 19,830 shares on average.
The data sourced in creating 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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