Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica Sells 3,956 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 3,956 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now directly owns 180,712 shares in the company, valued at approximately $2,025,781.52. This represents a 2.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $67,225.20.

Two Harbors Investment Price Performance

NYSE TWO opened at $11.09 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $11.70 and a 200 day simple moving average of $12.80. The company has a market cap of $1.15 billion, a P/E ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a 1 year low of $10.98 and a 1 year high of $14.27.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million during the quarter. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, sell-side analysts predict 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 paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is -37.34%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TWO. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced 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 research report on Wednesday, October 30th. Royal Bank of Canada cut their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Compass Point cut their price objective on shares of 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. Finally, JMP Securities cut their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.71.

Institutional Investors Weigh In On Two Harbors Investment

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter worth about $64,000. Simplify Asset Management Inc. acquired a new stake in Two Harbors Investment in the 3rd quarter valued at about $134,000. AQR Capital Management LLC acquired a new stake in Two Harbors Investment in the 2nd quarter valued at about $147,000. Finally, QRG Capital Management Inc. increased its position in 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 acquiring an additional 1,230 shares in 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.