Closing Bell Recap: Granite Point Mortgage Trust Inc (GPMT) Ends at 3.46, Reflecting a -4.95 Downturn

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Granite Point Mortgage Trust Inc (NYSE: GPMT) closed the day trading at $3.46 down -4.95% from the previous closing price of $3.64. In other words, the price has decreased by -$4.95 from its previous closing price. On the day, 1.0 million shares were traded. GPMT stock price reached its highest trading level at $3.69 during the session, while it also had its lowest trading level at $3.39.

Ratios:

For a better understanding of GPMT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.50. In the meantime, Its Debt-to-Equity ratio is 2.48 whereas as Long-Term Debt/Eq ratio is at 1.13.

On December 06, 2023, UBS started tracking the stock assigning a Buy rating and target price of $6.50.

Keefe Bruyette Downgraded its Mkt Perform to Underperform on December 15, 2022, while the target price for the stock was maintained at $6.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 16 ’23 when TAYLOR JOHN A bought 5,500 shares for $5.06 per share. The transaction valued at 27,830 led to the insider holds 275,013 shares of the business.

TAYLOR JOHN A bought 4,957 shares of GPMT for $24,981 on Nov 15 ’23. The President and CEO now owns 269,513 shares after completing the transaction at $5.04 per share. On Nov 14 ’23, another insider, TAYLOR JOHN A, who serves as the President and CEO of the company, bought 4,000 shares for $4.96 each. As a result, the insider paid 19,840 and bolstered with 264,556 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GPMT now has a Market Capitalization of 176580416 and an Enterprise Value of 1938684416. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at -31.166.

Stock Price History:

Over the past 52 weeks, GPMT has reached a high of $6.41, while it has fallen to a 52-week low of $3.49. The 50-Day Moving Average of the stock is -23.31%, while the 200-Day Moving Average is calculated to be -31.40%.

Shares Statistics:

Over the past 3-months, GPMT traded about 440.43K shares per day on average, while over the past 10 days, GPMT traded about 537890 shares per day. A total of 50.58M shares are outstanding, with a floating share count of 49.74M. Insiders hold about 2.54% of the company’s shares, while institutions hold 53.54% stake in the company. Shares short for GPMT as of 1714435200 were 462270 with a Short Ratio of 1.05, compared to 1711584000 on 474483. Therefore, it implies a Short% of Shares Outstanding of 462270 and a Short% of Float of 1.04.

Dividends & Splits

GPMT’s forward annual dividend rate is 0.75, up from 0.75 a year ago. Against a Trailing Annual Dividend Yield of 0.20604394The stock’s 5-year Average Dividend Yield is 12.52.

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