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

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 3,956 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the sale, the executive now owns 180,712 shares of the company’s stock, valued at $2,025,781.52. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $11.13, for a total value of $67,225.20.

Two Harbors Investment Stock Performance

Shares of TWO stock traded down $0.19 during trading hours on Friday, reaching $11.09. The company had a trading volume of 1,018,336 shares, compared to its average volume of 1,484,618. The firm has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83. The business has a fifty day moving average price of $11.70 and a 200-day moving average price of $12.81. Two Harbors Investment Corp. has a one year low of $10.98 and a one year high of $14.27. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07.

Two Harbors Investment (NYSE:TWO) 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 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 firm had revenue of $112.64 million during the quarter. During the same quarter in the prior year, the business posted ($0.01) EPS. Sell-side analysts predict that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 16.23%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently -37.34%.

Institutional Trading of Two Harbors Investment

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Two Harbors Investment by 1.1% during 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 period. Arizona State Retirement System lifted its holdings in Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $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 worth approximately $192,000. Intech Investment Management LLC bought a new stake in shares of Two Harbors Investment during the second quarter valued at approximately $180,000. Finally, Sei Investments Co. lifted its holdings in shares of Two Harbors Investment by 21.0% in the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 20,403 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TWO. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective 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. Compass Point reduced their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. JMP Securities dropped their target price on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. Finally, Royal Bank of Canada reduced their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.