Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) Insider Sells 2,561 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 2,561 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Two Harbors Investment Price Performance

Shares of NYSE TWO traded up $0.24 during mid-day trading on Tuesday, hitting $13.26. 1,587,915 shares of the stock were exchanged, compared to its average volume of 1,361,597. The company has a market cap of $1.37 billion, a P/E ratio of 6.28 and a beta of 1.84. The stock’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a twelve month low of $10.84 and a twelve month high of $14.27.

Two Harbors Investment (NYSE:TWO) last announced 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%. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.58%. Two Harbors Investment’s payout ratio is 85.31%.

Institutional Investors Weigh In On Two Harbors Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Phocas Financial Corp. bought a new stake in shares of Two Harbors Investment during the 3rd quarter worth about $3,505,000. Geode Capital Management LLC grew its holdings in shares of Two Harbors Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after buying an additional 48,264 shares during the last quarter. Barclays PLC boosted its holdings in Two Harbors Investment by 346.0% during the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after purchasing an additional 133,869 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Two Harbors Investment by 1,392.7% during the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 180,516 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Two Harbors Investment in the third quarter worth about $217,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWO has been the subject of several analyst reports. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada cut their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Compass Point cut their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.79.

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.