Two Harbors Investment Corp (TWO) CEO Purchases $44,550.00 in Stock

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.

Several research firms have recently issued reports on TWO. B. Riley restated a “neutral” rating on shares of Two Harbors Investment in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Saturday, January 20th. Barclays increased their price target on shares of Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Maxim Group reiterated a “buy” rating and issued a $17.00 price target (down previously from $20.50) on shares of Two Harbors Investment in a report on Thursday, November 9th. Finally, ValuEngine downgraded shares of Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Two Harbors Investment presently has an average rating of “Buy” and an average target price of $18.00.

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.

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

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