Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) CAO Sells 1,030 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 1,030 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $11.23, for a total value of $11,566.90. Following the transaction, the chief accounting officer now owns 10,593 shares of the company’s stock, valued at $118,959.39. The trade was a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Jillian Halm also recently made the following trade(s):

• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.31, for a total transaction of $5,440.11.

Two Harbors Investment Price Performance

TWO opened at $11.84 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. Two Harbors Investment Corp. has a one year low of $10.84 and a one year high of $14.27. The company has a fifty day moving average price of $11.69 and a 200-day moving average price of $12.75.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period in the prior year, the business posted ($0.01) earnings per share. Sell-side analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 15.21%. Two Harbors Investment’s payout ratio is -37.34%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. JMP Securities reduced their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a research note on Thursday, October 17th. Compass Point dropped their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. reduced their price target on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.71.

Hedge Funds Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently bought and sold shares of TWO. Phocas Financial Corp. bought a new stake in Two Harbors Investment in the 3rd quarter worth $3,505,000. International Assets Investment Management LLC lifted its holdings in shares of Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 180,516 shares during the last quarter. Barclays PLC boosted its holdings in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 133,869 shares in the last quarter. State Street Corp boosted its stake in Two Harbors Investment by 2.7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Two Harbors Investment by 1.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock valued at $73,303,000 after buying an additional 84,038 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.