Two Harbors Investment Corp. (NYSE:TWO) CFO Sells $49,071.60 in Stock

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) CFO Mary Kathryn Riskey sold 3,870 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total transaction of $49,071.60. Following the sale, the chief financial officer now owns 79,735 shares of the company's stock, valued at $1,011,039.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Two Harbors Investment Stock Down 1.0 %

Shares of NYSE TWO traded down $0.13 during midday trading on Wednesday, hitting $12.61. 414,115 shares of the company's stock were exchanged, compared to its average volume of 1,175,341. The company has a market cap of $1.31 billion, a PE ratio of 7.08 and a beta of 1.85. Two Harbors Investment Corp. has a twelve month low of $9.83 and a twelve month high of $14.59. The firm's fifty day simple moving average is $12.67 and its 200-day simple moving average is $13.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a $0.45 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.27%. Two Harbors Investment's dividend payout ratio (DPR) is presently 101.12%.

Wall Street Analysts Forecast Growth

TWO has been the topic of a number of research analyst reports. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 10th. TheStreet cut shares of Two Harbors Investment from a "c-" rating to a "d" rating in a research note on Tuesday, January 30th. JMP Securities restated a "market outperform" rating and set a $15.00 target price on shares of Two Harbors Investment in a research note on Thursday, April 18th. Finally, Jonestrading started coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a "hold" rating for the company. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.57.

Institutional Trading of Two Harbors Investment

Institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in Two Harbors Investment by 22.7% in the fourth quarter. Yousif Capital Management LLC now owns 58,506 shares of the real estate investment trust's stock valued at $815,000 after purchasing an additional 10,842 shares during the last quarter. Wolverine Asset Management LLC raised its stake in Two Harbors Investment by 83.2% during the third quarter. Wolverine Asset Management LLC now owns 770,911 shares of the real estate investment trust's stock valued at $10,207,000 after buying an additional 350,060 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Two Harbors Investment by 44.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 52,835 shares of the real estate investment trust's stock worth $736,000 after purchasing an additional 16,271 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Two Harbors Investment during the 4th quarter worth approximately $9,413,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Two Harbors Investment by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,236,922 shares of the real estate investment trust's stock valued at $16,377,000 after purchasing an additional 96,057 shares in the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

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