Two Harbors Investment Corp. (NYSE:TWO) CAO Sells $10,656.58 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 821 shares of Two Harbors Investment stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.98, for a total transaction of $10,656.58. Following the transaction, the chief accounting officer now directly owns 9,772 shares of the company’s stock, valued at approximately $126,840.56. This trade represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, January 14th, Jillian Halm sold 1,030 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.23, for a total transaction of $11,566.90.
• On Wednesday, January 8th, Jillian Halm sold 481 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.31, for a total transaction of $5,440.11.

Two Harbors Investment Stock Performance

NYSE TWO opened at $13.11 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.36 billion, a P/E ratio of 6.21 and a beta of 1.84. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27. The firm has a 50-day moving average price of $11.94 and a two-hundred day moving average price of $12.61.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. Analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.73%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment’s payout ratio is presently 85.31%.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. 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. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reduced their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.

Hedge Funds Weigh In On Two Harbors Investment

Several hedge funds and other institutional investors have recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. raised its position in shares of Two Harbors Investment by 1,680.0% in 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 buying an additional 2,100 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Two Harbors Investment in the 4th quarter valued at approximately $40,000. McIlrath & Eck LLC acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at approximately $64,000. KBC Group NV raised its position in shares of Two Harbors Investment by 86.5% in the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 3,077 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of Two Harbors Investment in the 4th quarter valued at approximately $130,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

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.