Two Harbors Investment Corp. (NYSE:TWO) CIO Sells $44,346.76 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 3,956 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $44,346.76. Following the sale, the executive now owns 180,712 shares in the company, valued at $2,025,781.52. The trade was a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 shares were sold at an average price of $11.13, for a total transaction of $67,225.20.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $11.09 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average price is $11.70 and its 200-day moving average price is $12.79. The firm has a market cap of $1.15 billion, a P/E ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a 12 month low of $10.98 and a 12 month high of $14.27.

Two Harbors Investment (NYSE:TWO) last posted its quarterly 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 business had revenue of $112.64 million during the quarter. During the same period in the prior year, the company posted ($0.01) EPS. On average, equities research analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on TWO. Compass Point cut 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 report on Monday, November 25th. JMP Securities cut their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price target on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TWO. QRG Capital Management Inc. boosted its position in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,230 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Two Harbors Investment by 1,680.0% during the second 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 during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Two Harbors Investment by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 2,241 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Two Harbors Investment by 9.5% during the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 2,519 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Two Harbors Investment by 1.3% during the third 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 during the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.