Jillian Halm Sells 1,744 Shares of Two Harbors Investments (NYSE:TWO) Stock

Two Harbors Investments Corp (NYSE:TWO) CAO Jillian Halm sold 1,744 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $12.25, for a total transaction of $21,364.00. Following the completion of the sale, the chief accounting officer owned 19,212 shares in the company, valued at $235,347. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Two Harbors Investments Trading Up 0.4%

NYSE TWO traded up $0.06 during trading on Monday, reaching $12.29. 3,831,848 shares of the stock traded hands, compared to its average volume of 4,663,533. Two Harbors Investments Corp has a fifty-two week low of $9.30 and a fifty-two week high of $14.28. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -4.91 and a beta of 1.19. The stock’s 50-day moving average price is $10.25 and its 200 day moving average price is $10.10.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. The company had revenue of ($18.67) million for the quarter. Analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, January 5th. This represents a $1.36 annualized dividend and a yield of 11.1%. Two Harbors Investments’s payout ratio is currently -54.40%.

Institutional Trading of Two Harbors Investments

A number of institutional investors have recently made changes to their positions in the business. Mowery & Schoenfeld Wealth Management LLC bought a new position in Two Harbors Investments in the third quarter valued at $25,000. Quarry LP boosted its stake in shares of Two Harbors Investments by 695.6% during the 3rd quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,991 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Two Harbors Investments by 240.4% in the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,380 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Two Harbors Investments in the 3rd quarter valued at about $42,000. Finally, CWM LLC increased its position in shares of Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 4,482 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TWO. Maxim Group lowered Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a research note on Monday, December 29th. Wall Street Zen raised shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Finally, Zacks Research downgraded shares of Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.96.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.