Nicholas Letica Sells 6,040 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 6,040 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the sale, the executive now owns 174,672 shares of the company’s stock, valued at $1,944,099.36. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nicholas Letica also recently made the following trade(s):

• 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 Down 1.7 %

NYSE TWO opened at $11.09 on Friday. Two Harbors Investment Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $14.27. The business has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $12.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share 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 negative net margin of 87.84% and a positive return on equity of 4.45%. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Equities analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 16.23%. Two Harbors Investment’s payout ratio is presently -37.34%.

Institutional Trading of Two Harbors Investment

A number of hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 2,100 shares during the period. McIlrath & Eck LLC bought a new stake in shares of Two Harbors Investment in the third quarter worth $64,000. Simplify Asset Management Inc. acquired a new stake in Two Harbors Investment in the third quarter valued at $134,000. AQR Capital Management LLC bought a new position in Two Harbors Investment during the 2nd quarter worth $147,000. Finally, QRG Capital Management Inc. lifted its holdings in Two Harbors Investment by 11.3% during the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,230 shares during the period. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Compass Point lowered their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a report on Monday, November 25th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. 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 research note on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on 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. Finally, JMP Securities reduced their target price on shares of 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 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.71.

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.