Two Harbors Investment Corp. (NYSE:TWO) Director Sells $166,525.80 in Stock

Two Harbors Investment Corp. (NYSE:TWO) Director Stephen G. Kasnet sold 12,790 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.02, for a total value of $166,525.80. Following the completion of the sale, the director now directly owns 97,569 shares in the company, valued at $1,270,348.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Two Harbors Investment Price Performance

NYSE:TWO opened at $12.61 on Thursday. Two Harbors Investment Corp. has a 52 week low of $9.83 and a 52 week high of $14.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.31 billion, a P/E ratio of 7.08 and a beta of 1.85. The stock’s fifty day moving average is $12.66 and its two-hundred day moving average is $13.13.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 annualized dividend and a yield of 14.27%. Two Harbors Investment’s payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TWO shares. Jonestrading started coverage on Two Harbors Investment in a report on Friday, March 22nd. They issued a “hold” rating on the stock. JMP Securities reissued a “market outperform” rating and issued a $15.00 price objective on shares of Two Harbors Investment in a report on Thursday, April 18th. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. lowered their price target on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TWO. FNY Investment Advisers LLC purchased a new stake in shares of Two Harbors Investment in the 4th quarter valued at about $40,000. Cape Investment Advisory Inc. purchased a new position in Two Harbors Investment during the 4th quarter valued at about $58,000. Global Retirement Partners LLC lifted its stake in Two Harbors Investment by 67.5% in the 1st quarter. Global Retirement Partners LLC now owns 5,243 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 2,112 shares in the last quarter. Montag A & Associates Inc. boosted its stake in shares of Two Harbors Investment by 238.4% during the fourth quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 3,691 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Two Harbors Investment by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,652 shares during the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Company Profile

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.