Nicholas Letica Sells 3,956 Shares of Two Harbors Investment Corp. (NYSE:TWO) Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 3,956 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $44,346.76. Following the sale, the executive now owns 180,712 shares in the company, valued at approximately $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nicholas Letica also recently made the following trade(s):

• On Friday, January 10th, Nicholas Letica sold 6,040 shares of Two Harbors Investment stock. The shares were sold at an average price of $11.13, for a total value of $67,225.20.

Two Harbors Investment Price Performance

Shares of Two Harbors Investment stock opened at $11.09 on Friday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $11.70 and its 200-day simple moving average is $12.79. Two Harbors Investment Corp. has a 52 week low of $10.98 and a 52 week high of $14.27.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The company had revenue of $112.64 million for the quarter. During the same quarter in the prior year, the firm posted ($0.01) EPS. As a group, analysts expect that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 16.23%. Two Harbors Investment’s dividend payout ratio (DPR) is -37.34%.

Hedge Funds Weigh In On Two Harbors Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Two Harbors Investment by 1,680.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Two Harbors Investment by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 51,242 shares of the real estate investment trust’s stock valued at $677,000 after purchasing an additional 2,241 shares in the last quarter. Arizona State Retirement System lifted its position in Two Harbors Investment by 9.5% during the second quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,519 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Two Harbors Investment by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after buying an additional 3,391 shares in the last quarter. 64.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TWO. Compass Point reduced their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. JMP Securities lowered their price objective on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 17th. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada cut their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Two Harbors Investment presently has an average rating of “Hold” and a consensus price target of $13.71.

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.