Two Harbors Investment Corp. (NYSE:TWO) CIO Sells $64,713.36 in Stock

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) CIO Nicholas Letica sold 5,737 shares of Two Harbors Investment stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total value of $64,713.36. Following the sale, the executive now owns 168,935 shares in the company, valued at $1,905,586.80. This trade represents a 3.28 % 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 Friday, January 10th, Nicholas Letica sold 6,040 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.13, for a total value of $67,225.20.
• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.21, for a total value of $44,346.76.

Two Harbors Investment Price Performance

Shares of NYSE TWO traded up $0.29 during midday trading on Wednesday, hitting $11.63. The company had a trading volume of 848,631 shares, compared to its average volume of 1,355,103. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -2.41 and a beta of 1.83. Two Harbors Investment Corp. has a twelve month low of $10.84 and a twelve month high of $14.27. The business has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $12.76. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period last year, the firm posted ($0.01) EPS. Equities research analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share 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 15.48%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment's dividend payout ratio (DPR) is -37.34%.

Analyst Ratings Changes

TWO has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price 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. JMP Securities lowered their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research report on Thursday, October 17th. Compass Point reduced their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a report on Monday, November 25th. 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. Finally, StockNews.com raised Two Harbors Investment to a "sell" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TWO. JPMorgan Chase & Co. increased its holdings in Two Harbors Investment by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust's stock valued at $3,583,000 after acquiring an additional 3,391 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment during the 3rd quarter worth approximately $64,000. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust's stock worth $33,885,000 after purchasing an additional 48,264 shares during the last quarter. Barclays PLC lifted its stake in Two Harbors Investment by 346.0% in the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock valued at $2,395,000 after buying an additional 133,869 shares in the last quarter. Finally, State Street Corp grew its holdings in Two Harbors Investment by 2.7% during the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust's stock valued at $53,814,000 after buying an additional 102,294 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.

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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