Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm Sells 1,030 Shares

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) CAO Jillian Halm sold 1,030 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $11.23, for a total transaction of $11,566.90. Following the transaction, the chief accounting officer now directly owns 10,593 shares in the company, valued at $118,959.39. This trade represents a 8.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 Stock Performance

Shares of TWO traded up $0.29 during trading hours on Wednesday, reaching $11.63. 848,631 shares of the company traded hands, compared to its average volume of 1,355,103. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average price of $11.69 and a 200-day moving average price of $12.76. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27. The stock has a market capitalization of $1.21 billion, a P/E ratio of -2.41 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share 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 for the quarter. During the same quarter in the previous year, the firm posted ($0.01) EPS. Equities analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 15.48%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment's payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in TWO. Rhumbline Advisers boosted its holdings in Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust's stock valued at $4,106,000 after purchasing an additional 3,408 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Two Harbors Investment by 9.5% in the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust's stock worth $382,000 after buying an additional 2,519 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Two Harbors Investment during the second quarter worth about $192,000. Intech Investment Management LLC purchased a new position in Two Harbors Investment during the second quarter valued at approximately $180,000. Finally, Sei Investments Co. raised its position in Two Harbors Investment by 21.0% during the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust's stock valued at $1,552,000 after acquiring an additional 20,403 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Compass Point decreased their price objective on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research note on Monday, November 25th. StockNews.com upgraded Two Harbors Investment to a "sell" rating in a research note on Thursday, December 12th. Royal Bank of Canada decreased their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. Finally, JMP Securities lowered 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Two Harbors Investment has a consensus rating of "Hold" and an average price target of $13.71.

About Two Harbors Investment

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.

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