The reverse stock split is a routine capital structure adjustment typically aimed at maintaining NYSE listing compliance. Monitor the next 10-Q for any changes in share count or equity structure, but no immediate trading catalyst is present.
Price Chart
Executive Summary
Granite Point Mortgage Trust Inc. completed a 1-for-10 reverse stock split of its common stock, effective October 5, 2026, reducing outstanding shares from approximately 48.2 million to 4.8 million. The split is a mechanical capital structure adjustment with no change to proportional ownership or the company's fundamentals, and it does not affect the company's 7.00% Series A preferred stock.
Key Facts
- Reverse stock split completed at a 1-for-10 ratio, effective 5:00 p.m. ET on October 5, 2026
- Outstanding common shares reduced from 48,198,166 to approximately 4,819,100
- Par value temporarily increased to $0.10 per share then immediately restored to $0.01 per share
- Common stock continues trading on NYSE under symbol GPMT with new CUSIP 38741L 404
- Reverse stock split does not affect the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
- Previously announced $0.01 per pre-split share dividend remains payable on October 15, 2026
Financial Impact
No financial impact; reverse stock split is a mechanical share consolidation with no change to aggregate market value or proportional ownership
Risk Factors
- Reverse stock splits can signal that a company's stock price has fallen to low levels, potentially indicating underlying business distress
- Reduced share count may increase stock price volatility on a per-share basis
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-114056 |
| Document: tm2627062d1_ex3-1.htm | 0001104659-26-114056 |
| Document: tm2627062d1_ex99-1.htm | 0001104659-26-114056 |
| Document: tm2627062d1_ex3-2.htm | 0001104659-26-114056 |
| Document: 0001104659-26-114056-index-headers.html | 0001104659-26-114056 |
| Document: 0001104659-26-114056-index.html | 0001104659-26-114056 |
| Document: 0001104659-26-114056.txt | 0001104659-26-114056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | 8-K | $7.37 | awaiting T+20 | — | $4.93 (−33.11%) |
Oct 5, 2026 22d ago | 8-K | $7.60 | awaiting T+20 | — | $4.93 (−35.13%) |
Aug 3, 2026 12w ago | 8-K | $1.46 $1.01 | ▼ −30.82% | ▼ −29.58% | $4.93 (+237.67%) |
Jun 30, 2026 17w ago | 8-K | $1.47 $1.33 | ▼ −9.52% | ▼ −7.34% | $4.93 (+235.37%) |
Jun 9, 2026 20w ago | Insider Cluster | $1.44 $1.35 | ▼ −6.25% | ▼ −9.87% | $4.93 (+242.36%) |
Jun 8, 2026 20w ago | 144 | $19.46 $18.37 | ▼ −5.60% | ▼ −7.01% | $4.93 (−74.67%) |
Jun 8, 2026 20w ago | 144 | $19.46 $18.37 | ▼ −5.60% | ▼ −7.01% | $4.93 (−74.67%) |
May 5, 2026 25w ago | 8-K | $1.49 $1.52 | ▲ +2.01% | ▼ −0.77% | $4.93 (+230.87%) |
Apr 20, 2026 27w ago | DEFA14A | $19.98 $19.83 | ▼ −0.75% | ▼ −5.67% | $4.93 (−75.33%) |
US Market Status
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