Granite Point Mortgage Trust VP, CFO Acquires 22% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Granite Point Mortgage Trust Inc. (NYSE:GPMT) VP, CFO, Marcin Urbaszek, recently bought US$69k worth of stock, for US$4.62 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 22%.

Check out our latest analysis for Granite Point Mortgage Trust

The Last 12 Months Of Insider Transactions At Granite Point Mortgage Trust

Notably, that recent purchase by Marcin Urbaszek is the biggest insider purchase of Granite Point Mortgage Trust shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$5.07. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Granite Point Mortgage Trust share holders is that an insider was buying at near the current price. Marcin Urbaszek was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Granite Point Mortgage Trust insiders own 2.0% of the company, worth about US$5.2m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Granite Point Mortgage Trust Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Granite Point Mortgage Trust insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Granite Point Mortgage Trust. When we did our research, we found 3 warning signs for Granite Point Mortgage Trust (2 are a bit unpleasant!) that we believe deserve your full attention.

But note: Granite Point Mortgage Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.