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 the business’s stock in a transaction on 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 directly owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Two Harbors Investment Trading Up 2.0 %

TWO opened at $13.39 on Friday. The stock has a market capitalization 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 firm’s fifty day moving average price is $11.96 and its 200 day moving average price is $12.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07.

Two Harbors Investment (NYSE:TWO) last issued its 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, research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders 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 13.45%. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

Analyst Ratings Changes

A number of research firms have recently commented on TWO. Royal Bank of Canada boosted 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 reduced 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 report on Monday, November 25th. JPMorgan Chase & Co. boosted 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. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.96.

Institutional Trading of Two Harbors Investment

A number of institutional investors and hedge funds have recently modified their holdings of TWO. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $29,000 after purchasing an additional 2,100 shares during the period. Sterling Capital Management LLC grew its position in shares of Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,963 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Two Harbors Investment during the fourth quarter worth about $40,000. McIlrath & Eck LLC bought a new position in shares of Two Harbors Investment during the third quarter worth about $64,000. Finally, KBC Group NV grew its position in shares of Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,077 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

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.