--- title: "Granite Ridge Resources (NYSE:GRNT) Director Matthew Reade Miller Acquires 18,180 Shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/286415770.md" description: "Granite Ridge Resources Director Matthew Reade Miller acquired 18,180 shares at $5.21 each, totaling $94,717.80, increasing his holdings to 1,350,213 shares valued at approximately $7 million. The company recently reported a quarterly EPS of $0.02, missing estimates, and announced a dividend of $0.11 per share. Institutional investors hold 31.56% of the stock, with recent upgrades from analysts. The stock is currently trading at $5.16, down 1.6%." datetime: "2026-05-14T12:21:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286415770.md) - [en](https://longbridge.com/en/news/286415770.md) - [zh-HK](https://longbridge.com/zh-HK/news/286415770.md) --- # Granite Ridge Resources (NYSE:GRNT) Director Matthew Reade Miller Acquires 18,180 Shares Granite Ridge Resources, Inc. (NYSE:GRNT - Get Free Report) Director Matthew Reade Miller purchased 18,180 shares of Granite Ridge Resources stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $5.21 per share, for a total transaction of $94,717.80. Following the completion of the purchase, the director owned 1,350,213 shares in the company, valued at $7,034,609.73. This represents a 1.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Matthew Reade Miller also recently made the following trade(s): - On Friday, March 13th, Matthew Reade Miller purchased 658 shares of Granite Ridge Resources stock. The stock was bought at an average price of $5.15 per share, for a total transaction of $3,388.70. - On Tuesday, March 10th, Matthew Reade Miller purchased 10,000 shares of Granite Ridge Resources stock. The stock was bought at an average price of $5.10 per share, for a total transaction of $51,000.00. ## Granite Ridge Resources Trading Down 1.6% NYSE GRNT opened at $5.16 on Thursday. The company has a quick ratio of 1.25, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Granite Ridge Resources, Inc. has a twelve month low of $4.18 and a twelve month high of $6.72. The company has a market cap of $679.94 million, a price-to-earnings ratio of -20.62, a price-to-earnings-growth ratio of 0.62 and a beta of 0.26. The business's fifty day moving average is $5.49 and its 200 day moving average is $5.14. * * * * * * Granite Ridge Resources (NYSE:GRNT - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). Granite Ridge Resources had a negative net margin of 7.13% and a positive return on equity of 4.99%. The firm had revenue of $128.26 million for the quarter, compared to analyst estimates of $126.68 million. As a group, sell-side analysts expect that Granite Ridge Resources, Inc. will post 0.53 EPS for the current fiscal year. ## Granite Ridge Resources Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.44 annualized dividend and a dividend yield of 8.5%. Granite Ridge Resources's dividend payout ratio (DPR) is -176.00%. ## Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in shares of Granite Ridge Resources in the 1st quarter worth about $119,000. First Trust Advisors LP raised its position in shares of Granite Ridge Resources by 47.1% in the 1st quarter. First Trust Advisors LP now owns 366,573 shares of the company's stock worth $2,152,000 after acquiring an additional 117,451 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Granite Ridge Resources by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,306,999 shares of the company's stock worth $19,414,000 after acquiring an additional 448,066 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Granite Ridge Resources by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 949,688 shares of the company's stock worth $5,575,000 after acquiring an additional 12,089 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Granite Ridge Resources in the 1st quarter worth about $391,000. Institutional investors own 31.56% of the company's stock. ## Analyst Ratings Changes Several equities research analysts recently commented on GRNT shares. Weiss Ratings upgraded shares of Granite Ridge Resources from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Granite Ridge Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Finally, Stephens lowered their target price on Granite Ridge Resources from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Granite Ridge Resources presently has a consensus rating of "Hold" and a consensus price target of $11.00. **Get Our Latest Stock Analysis on Granite Ridge Resources** ## About Granite Ridge Resources (Get Free Report) Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas. ## Featured Articles - Five stocks we like better than Granite Ridge Resources - Affirm's Google Deal Aims for Your Wallet - Airplane Maintenance Companies That Keep Flights Moving Are Ready to Soar - Oklo Stock Could Be Ready for Another Massive Run - D-Wave Earnings Looked Weak, But Investors May Be Missing This _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\]._ Insider Buying or Selling at Granite Ridge Resources? Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Granite Ridge Resources and related companies. From Our Partners Read this or regret it forever Three Nobel Prize Winners expose this once-in-a-generation wealth shift: “Don’t Say I Didn’t Warn You” P... 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