Two Harbors Investments Corp (TWO) Major Shareholder Two Harbors Investment Corp. Buys 25,000 Shares

Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. bought 25,000 shares of the stock in a transaction on Wednesday, October 18th. The shares were bought at an average price of $18.81 per share, for a total transaction of $470,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Two Harbors Investment Corp. also recently made the following trade(s):

  • On Friday, October 20th, Two Harbors Investment Corp. acquired 25,000 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.50 per share, for a total transaction of $462,500.00.
  • On Tuesday, October 17th, Two Harbors Investment Corp. acquired 4,741 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.96 per share, for a total transaction of $89,889.36.
  • On Monday, October 16th, Two Harbors Investment Corp. acquired 4,597 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.96 per share, for a total transaction of $87,159.12.
  • On Friday, October 13th, Two Harbors Investment Corp. acquired 3,472 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.96 per share, for a total transaction of $65,829.12.
  • On Thursday, October 12th, Two Harbors Investment Corp. acquired 14,427 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.94 per share, for a total transaction of $273,247.38.
  • On Wednesday, October 11th, Two Harbors Investment Corp. acquired 10,290 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.95 per share, for a total transaction of $194,995.50.
  • On Wednesday, September 27th, Two Harbors Investment Corp. acquired 5,210 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.95 per share, for a total transaction of $98,729.50.
  • On Tuesday, September 26th, Two Harbors Investment Corp. acquired 2,395 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.95 per share, for a total transaction of $45,385.25.
  • On Monday, September 25th, Two Harbors Investment Corp. acquired 357 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.96 per share, for a total transaction of $6,768.72.
  • On Friday, September 22nd, Two Harbors Investment Corp. acquired 100 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.96 per share, for a total transaction of $1,896.00.

Two Harbors Investments Corp (TWO) traded up 1.13% during midday trading on Friday, reaching $9.85. 2,580,531 shares of the company traded hands. The firm has a 50-day moving average of $10.09 and a 200-day moving average of $10.02. Two Harbors Investments Corp has a 1-year low of $8.20 and a 1-year high of $10.54. The stock has a market capitalization of $3.44 billion, a P/E ratio of 6.43 and a beta of 0.58. Shares of Two Harbors Investments Corp are scheduled to reverse split before the market opens on Thursday, November 2nd. The 1-2 reverse split was announced on Thursday, September 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 1st.

Two Harbors Investments Corp (NYSE:TWO) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $117.79 million during the quarter, compared to the consensus estimate of $123.04 million. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. On average, analysts predict that Two Harbors Investments Corp will post $1.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.56%. The ex-dividend date is Thursday, September 28th. Two Harbors Investments Corp’s payout ratio is 72.73%.

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Several hedge funds have recently made changes to their positions in the company. Optimum Investment Advisors raised its stake in shares of Two Harbors Investments Corp by 0.7% during the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 117 shares during the period. CIBC World Markets Inc. raised its stake in shares of Two Harbors Investments Corp by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 162 shares during the period. World Asset Management Inc increased its position in shares of Two Harbors Investments Corp by 1.4% during the second quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 175 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Two Harbors Investments Corp by 1.6% during the second quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 190 shares in the last quarter. Finally, Utah Retirement Systems increased its position in shares of Two Harbors Investments Corp by 0.4% during the second quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 262 shares in the last quarter. 70.28% of the stock is owned by institutional investors and hedge funds.

TWO has been the subject of several analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $10.00 target price on shares of Two Harbors Investments Corp in a report on Thursday, August 10th. Maxim Group reissued a “buy” rating and issued a $10.25 target price on shares of Two Harbors Investments Corp in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday. Finally, BidaskClub lowered shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.95.

Two Harbors Investments Corp Company Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

Insider Buying and Selling by Quarter for Two Harbors Investments Corp (NYSE:TWO)

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