By otakuyassine3@gmail.com 
Two Harbors Investment Corp. (NYSE:TWO – Get Free Report) CIO Nicholas Letica sold 5,737 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total transaction of $64,713.36. Following the sale, the executive now directly owns 168,935 shares in the company, valued at $1,905,586.80. This represents a 3.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 shares were 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 stock was sold at an average price of $11.21, for a total transaction of $44,346.76.
Two Harbors Investment Stock Performance
Shares of NYSE TWO traded up $0.29 during midday trading on Wednesday, hitting $11.63. 848,631 shares of the company’s stock were exchanged, compared to its average volume of 1,355,103. Two Harbors Investment Corp. has a twelve month low of $10.84 and a twelve month high of $14.27. The firm has a market cap of $1.21 billion, a P/E ratio of -2.41 and a beta of 1.83. The stock’s 50 day moving average price is $11.69 and its 200-day moving average price is $12.76. 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 (NYSE:TWO – Get Free Report) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The business had revenue of $112.64 million during the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same period last year, the firm posted ($0.01) earnings per share. Equities research analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 15.48%. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on 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. StockNews.com raised Two Harbors Investment to a “sell” rating in a research report on Thursday, December 12th. Compass Point dropped their target price on 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. cut their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, JMP Securities decreased their target price 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. 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, Two Harbors Investment presently has an average rating of “Hold” and a consensus price target of $13.71.
Check Out Our Latest Research Report on TWO
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in shares of Two Harbors Investment by 11.3% in the 3rd 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 during the period. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $29,000 after acquiring an additional 2,100 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Two Harbors Investment by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock valued at $677,000 after purchasing an additional 2,241 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of 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 worth $382,000 after acquiring an additional 2,519 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Two Harbors Investment by 1.3% during 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 purchasing an additional 3,391 shares during the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.
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.
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