Patrick Halter, an Independent Director on the Board of Granite Point Mortgage Trust Inc., purchased US$95,000 worth of the company's shares. This transaction was reported on February 28, 2025.
The purchase by an independent director demonstrates a direct investment in the company's equity. Such actions are often viewed by investors as a sign of confidence in the company's intrinsic value and future performance.
Mr. Halter was recently appointed to the board on January 15, 2025, bringing extensive experience in commercial real estate investment management. His share purchase aligns his financial interests with those of other shareholders.
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