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

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

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.


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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