Jillian Halm Sells 821 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) CAO Jillian Halm sold 821 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $12.98, for a total value of $10,656.58. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $11.23, for a total value of $11,566.90.
• 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 value of $5,440.11.

Two Harbors Investment Trading Down 1.3 %

NYSE:TWO opened at $13.11 on Thursday. Two Harbors Investment Corp. has a twelve month low of $10.84 and a twelve month high of $14.27. 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 business has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $12.61. The company has a market cap of $1.36 billion, a P/E ratio of 6.21 and a beta of 1.84.

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

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 13.73%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is currently 85.31%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented 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 for the company in a research note on Friday, November 1st. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. JMP Securities reissued a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Finally, Compass Point lowered their target price 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.79.

Institutional Investors Weigh In On Two Harbors Investment

Several large investors have recently made changes to their positions in TWO. Northwestern Mutual Wealth Management Co. boosted its holdings 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 during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Two Harbors Investment in the 4th quarter valued at approximately $40,000. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the 3rd quarter valued at approximately $64,000. KBC Group NV boosted its holdings 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 during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Two Harbors Investment in the 4th quarter valued at approximately $130,000. Institutional investors and hedge funds 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.