Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) CIO Sells $64,713.36 in Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 5,737 shares of Two Harbors Investment stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the sale, the executive now directly owns 168,935 shares of the company’s stock, valued at approximately $1,905,586.80. The trade was a 3.28 % decrease in their position. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $11.13, for a total value of $67,225.20.
• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.21, for a total value of $44,346.76.

Two Harbors Investment Price Performance

TWO stock opened at $11.96 on Friday. The business’s 50-day simple moving average is $11.69 and its 200 day simple moving average is $12.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. 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 released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the previous year, the company posted ($0.01) EPS. Sell-side analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.06%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Trading of Two Harbors Investment

Several institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its holdings 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 2nd 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. The Manufacturers Life Insurance Company lifted its position in shares of Two Harbors Investment by 4.6% during 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 period. Arizona State Retirement System boosted its stake in Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 2,519 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Two Harbors Investment by 1.3% in 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 period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.