Two Harbors Investment Corp. (NYSE:TWO) Insider Sells $33,190.56 in Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the transaction, the insider now owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $13.39 on Friday. The company has a market cap of $1.39 billion, a PE ratio of 6.34 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 company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The company has a 50-day simple moving average of $11.96 and a 200-day simple moving average of $12.61.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS 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%. On average, equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 13.45%. Two Harbors Investment’s payout ratio is 85.31%.

Institutional Investors Weigh In On Two Harbors Investment

A number of institutional investors have recently bought and sold shares of the stock. Simplify Asset Management Inc. grew its holdings in Two Harbors Investment by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,000 shares during the period. QRG Capital Management Inc. grew its stake 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 worth $168,000 after buying an additional 1,230 shares during the period. Sei Investments Co. grew its stake in Two Harbors Investment by 1.3% during the fourth quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock worth $1,656,000 after buying an additional 1,770 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in 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 worth $29,000 after buying an additional 2,100 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Two Harbors Investment by 4.6% during the second 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 period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TWO has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday. Compass Point cut 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 research report on Monday, November 25th. 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 research report on Friday, January 31st. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, JMP Securities restated a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.96.

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.