Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) CIO Sells 6,040 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the sale, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nicholas Letica also recently made the following trade(s):

• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.21, for a total value of $44,346.76.

Two Harbors Investment Trading Down 1.7 %

TWO traded down $0.19 during trading on Friday, hitting $11.09. The company's stock had a trading volume of 1,019,114 shares, compared to its average volume of 1,521,752. The firm's 50 day moving average price is $11.70 and its 200-day moving average price is $12.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a twelve month low of $10.98 and a twelve month high of $14.27.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued 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 business had revenue of $112.64 million during the quarter. During the same period in the previous year, the business earned ($0.01) EPS. On average, analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current year.

Two Harbors Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 16.23%. Two Harbors Investment's dividend payout ratio is presently -37.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TWO shares. Royal Bank of Canada lowered their price target on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. StockNews.com raised Two Harbors Investment to a "sell" rating in a report on Thursday, December 12th. JMP Securities lowered their price objective on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a report on Thursday, October 17th. Compass Point lowered their price objective on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. One investment 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.71.

Institutional Trading of Two Harbors Investment

A number of institutional investors have recently added to or reduced their stakes in TWO. Northwestern Mutual Wealth Management Co. boosted its position in 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 worth $29,000 after purchasing an additional 2,100 shares during the period. McIlrath & Eck LLC purchased a new position in Two Harbors Investment in the 3rd quarter valued at about $64,000. Simplify Asset Management Inc. purchased a new position in Two Harbors Investment in the 3rd quarter valued at about $134,000. AQR Capital Management LLC purchased a new position in Two Harbors Investment in the 2nd quarter valued at about $147,000. Finally, QRG Capital Management Inc. boosted its position in Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock valued at $168,000 after buying an additional 1,230 shares during the last quarter. 64.19% of the stock is owned by hedge funds and other 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.