Two Harbors Investment Corp. (NYSE:TWO) Insider Sells $42,164.90 in Stock

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) insider Rebecca B. Sandberg sold 3,785 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the sale, the insider now owns 152,378 shares of the company's stock, valued at approximately $1,697,490.92. This represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Two Harbors Investment Price Performance

TWO stock traded down $0.19 during mid-day trading on Friday, hitting $11.09. The stock had a trading volume of 1,019,114 shares, compared to its average volume of 1,521,752. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Two Harbors Investment Corp. has a 52 week low of $10.98 and a 52 week high of $14.27. The firm has a market capitalization of $1.15 billion, a P/E ratio of -2.30 and a beta of 1.83. The firm has a fifty day simple moving average of $11.70 and a 200 day simple moving average of $12.80.

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

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 16.23%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment's dividend payout ratio is currently -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 2,100 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $64,000. Simplify Asset Management Inc. bought a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $134,000. AQR Capital Management LLC acquired a new stake in Two Harbors Investment during the 2nd quarter worth approximately $147,000. Finally, QRG Capital Management Inc. boosted its position in Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock worth $168,000 after buying an additional 1,230 shares during the period. 64.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TWO has been the subject of a number of research reports. JMP Securities cut their target price 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. Royal Bank of Canada lowered their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Compass Point lowered their price target on shares of 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. StockNews.com raised shares of Two Harbors Investment to a "sell" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.71.

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.