Two Harbors Investment Corp (NYSE:TWO) CEO Thomas Siering acquired 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $14.85 per share, for a total transaction of $44,550.00. Following the acquisition, the chief executive officer now owns 898,683 shares of the company’s stock, valued at $13,345,442.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Two Harbors Investment Corp (TWO) traded up $0.09 during trading hours on Tuesday, reaching $15.09. 2,050,757 shares of the company traded hands, compared to its average volume of 2,453,195. Two Harbors Investment Corp has a one year low of $13.85 and a one year high of $17.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2,630.00, a P/E ratio of 10.20 and a beta of 0.32.
Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.06%. The company had revenue of $100.31 million for the quarter, compared to the consensus estimate of $112.40 million. During the same quarter in the prior year, the company earned $0.24 EPS. research analysts anticipate that Two Harbors Investment Corp will post 1.87 EPS for the current year.
Large investors have recently modified their holdings of the stock. Advantage Investment Management LLC acquired a new position in Two Harbors Investment in the 4th quarter worth approximately $112,000. Meeder Asset Management Inc. acquired a new position in Two Harbors Investment in the 3rd quarter worth approximately $101,000. State of Alaska Department of Revenue acquired a new position in Two Harbors Investment in the 4th quarter worth approximately $165,000. Delta Asset Management LLC TN acquired a new position in Two Harbors Investment in the 4th quarter worth approximately $186,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Two Harbors Investment by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 718 shares during the period.
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Two Harbors Investment 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.
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