Rebecca B. Sandberg Sells 5,025 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) insider Rebecca B. Sandberg sold 5,025 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the transaction, the insider now directly owns 156,163 shares of the company’s stock, valued at $1,750,587.23. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Two Harbors Investment Price Performance

Shares of NYSE:TWO traded down $0.19 during midday trading on Friday, reaching $11.09. 1,018,336 shares of the company’s stock were exchanged, compared to its average volume of 1,484,618. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50 day simple moving average is $11.70 and its two-hundred day simple moving average is $12.81. Two Harbors Investment Corp. has a 12 month low of $10.98 and a 12 month high of $14.27. The firm has a market capitalization of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The business had revenue of $112.64 million for the quarter. During the same period last year, the company posted ($0.01) EPS. Equities research analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in shares of Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock valued at $4,106,000 after acquiring an additional 3,408 shares during the last quarter. Arizona State Retirement System increased its holdings in Two Harbors Investment by 9.5% during 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 purchasing an additional 2,519 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Two Harbors Investment in the 2nd quarter valued at $192,000. Intech Investment Management LLC acquired a new position in Two Harbors Investment in the second quarter worth $180,000. Finally, Sei Investments Co. grew its holdings in shares of Two Harbors Investment by 21.0% during the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 20,403 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Compass Point cut their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. cut their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reduced their price target on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JMP Securities cut their price objective on shares of 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, StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment has an average rating of “Hold” and an average price target of $13.71.

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.