Two Harbors Investment Corp. Acquires 4,597 Shares of Two Harbors Investments Corp (TWO) Stock

Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. acquired 4,597 shares of the business’s stock in a transaction on Monday, October 16th. The stock was acquired at an average price of $18.96 per share, with a total value of $87,159.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, October 18th, Two Harbors Investment Corp. acquired 25,000 shares of Two Harbors Investments Corp stock. The stock was acquired at an average price of $18.81 per share, with a total value of $470,250.00.
  • 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, with a total value of $89,889.36.
  • 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, with a total value 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, with a total value 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, with a total value 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, with a total value 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, with a total value 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, with a total value of $6,768.72.
  • On Friday, September 22nd, Two Harbors Investment Corp. purchased 100 shares of Two Harbors Investments Corp stock. The stock was purchased at an average cost of $18.96 per share, with a total value of $1,896.00.
  • On Thursday, September 21st, Two Harbors Investment Corp. purchased 5,555 shares of Two Harbors Investments Corp stock. The stock was purchased at an average cost of $18.96 per share, with a total value of $105,322.80.

Shares of Two Harbors Investments Corp (TWO) opened at 10.17 on Friday. 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 cap of $3.55 billion, a PE ratio of 6.63 and a beta of 0.58. The stock has a 50 day moving average of $10.11 and a 200 day moving average of $10.00. Two Harbors Investments Corp’s stock is set 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 market closes on Wednesday, November 1st.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend is Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio is presently 72.73%.

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Hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P increased its position in Two Harbors Investments Corp by 8,595.4% during the second quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after purchasing an additional 1,848,609 shares during the last quarter. Principal Financial Group Inc. increased its position in Two Harbors Investments Corp by 5,046.7% during the second quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after purchasing an additional 3,118,060 shares during the last quarter. Crawford Investment Counsel Inc. increased its position in Two Harbors Investments Corp by 6.0% during the second quarter. Crawford Investment Counsel Inc. now owns 218,700 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 12,390 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Two Harbors Investments Corp during the second quarter worth approximately $11,869,000. Finally, Chicago Equity Partners LLC increased its position in Two Harbors Investments Corp by 122.9% during the second quarter. Chicago Equity Partners LLC now owns 534,735 shares of the real estate investment trust’s stock worth $5,299,000 after purchasing an additional 294,855 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on TWO shares. BidaskClub raised shares of Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group started coverage on shares of Two Harbors Investments Corp in a research note on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price target for the company. Finally, Maxim Group reissued a “buy” rating and issued a $10.25 price target on shares of Two Harbors Investments Corp in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.95.

About Two Harbors Investments Corp

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)

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

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