Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) Director Sells 19,213 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWOGet Rating) Director Stephen G. Kasnet sold 19,213 shares of Two Harbors Investment stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $5.00, for a total transaction of $96,065.00. Following the transaction, the director now directly owns 219,692 shares of the company’s stock, valued at $1,098,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:TWO traded down $0.06 during trading hours on Friday, hitting $4.94. The company had a trading volume of 5,795,908 shares, compared to its average volume of 4,786,561. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06. Two Harbors Investment Corp. has a 52 week low of $4.71 and a 52 week high of $8.15. The company has a market capitalization of $1.70 billion, a PE ratio of 13.51 and a beta of 1.66. The stock has a 50-day moving average price of $5.18 and a 200 day moving average price of $5.54.

Two Harbors Investment (NYSE:TWOGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Two Harbors Investment had a return on equity of 16.21% and a net margin of 147.67%. The company had revenue of $22.53 million during the quarter, compared to the consensus estimate of $27.42 million. During the same period in the previous year, the company earned $0.17 earnings per share. Two Harbors Investment’s quarterly revenue was down 32.5% on a year-over-year basis. Analysts anticipate that Two Harbors Investment Corp. will post 0.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, April 1st. This represents a $0.68 dividend on an annualized basis and a yield of 13.77%. Two Harbors Investment’s dividend payout ratio (DPR) is 183.78%.

A number of brokerages have weighed in on TWO. Credit Suisse Group cut their target price on shares of Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Tuesday, March 8th. JPMorgan Chase & Co. lowered their price objective on shares of Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Monday, April 25th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. TheStreet cut Two Harbors Investment from a “c” rating to a “d+” rating in a research report on Wednesday, February 9th. Finally, Zacks Investment Research upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.81.

Hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in Two Harbors Investment by 6.8% in the third quarter. CIBC Asset Management Inc now owns 25,102 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 1,597 shares in the last quarter. Corient Capital Partners LLC grew its position in Two Harbors Investment by 11.8% during the 3rd quarter. Corient Capital Partners LLC now owns 17,408 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 1,838 shares during the last quarter. Yousif Capital Management LLC increased its stake in Two Harbors Investment by 0.8% during the 1st quarter. Yousif Capital Management LLC now owns 315,567 shares of the real estate investment trust’s stock valued at $1,745,000 after purchasing an additional 2,427 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Two Harbors Investment by 6.0% in the fourth quarter. Victory Capital Management Inc. now owns 44,148 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,504 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Two Harbors Investment by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 49,555 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 2,569 shares in the last quarter. Hedge funds and other institutional investors own 68.67% of the company’s stock.

Two Harbors Investment Company Profile (Get Rating)

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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