Two Harbors Investment Corp. (NYSE:TWO) CFO Sells $46,299.15 in Stock

Two Harbors Investment Corp. (NYSE:TWO – Get Rating) CFO Mary Kathryn Riskey sold 3,755 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $12.33, for a total transaction of $46,299.15. Following the transaction, the chief financial officer now directly owns 64,391 shares of the company’s stock, valued at approximately $793,941.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Two Harbors Investment Stock Down 2.2 %

Shares of TWO stock opened at $11.77 on Friday. The stock has a 50-day moving average of $13.26 and a 200-day moving average of $15.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.98. Two Harbors Investment Corp. has a one year low of $11.57 and a one year high of $21.84.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Tuesday, April 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 20.39%. The ex-dividend date was Monday, April 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is -72.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TWO shares. JMP Securities cut their price target on Two Harbors Investment from $18.00 to $14.50 and set an “outperform” rating for the company in a report on Friday, April 21st. Keefe, Bruyette & Woods upped their price target on Two Harbors Investment from $17.25 to $17.50 and gave the company a “market perform” rating in a research report on Wednesday, February 15th. Royal Bank of Canada lifted their target price on shares of Two Harbors Investment from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Friday, February 17th. StockNews.com started coverage on shares of Two Harbors Investment in a research report on Thursday, March 16th. They set a “sell” rating on the stock. Finally, Barclays decreased their price objective on Two Harbors Investment from $16.00 to $14.00 in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Two Harbors Investment has an average rating of “Hold” and an average price target of $16.38.

Institutional Trading of Two Harbors Investment

Several hedge funds have recently added to or reduced their stakes in TWO. Financial Management Professionals Inc. bought a new stake in shares of Two Harbors Investment in the first quarter worth about $29,000. Guardian Wealth Advisors LLC acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at approximately $30,000. WealthPLAN Partners LLC bought a new stake in Two Harbors Investment during the 1st quarter worth approximately $37,000. Global Retirement Partners LLC raised its holdings in Two Harbors Investment by 63.0% during the 1st quarter. Global Retirement Partners LLC now owns 3,101 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,199 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Two Harbors Investment by 130.6% in the first quarter. Parallel Advisors LLC now owns 3,247 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,839 shares in the last quarter.

About Two Harbors Investment

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Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.