Insider Buying: Two Harbors Investments Corp (TWO) Major Shareholder Purchases $194,995.50 in Stock

Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. purchased 10,290 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were purchased at an average price of $18.95 per share, with a total value of $194,995.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, October 13th, Two Harbors Investment Corp. acquired 3,472 shares of Two Harbors Investments Corp stock. The shares were bought 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 shares were bought at an average price of $18.94 per share, with a total value of $273,247.38.
  • On Wednesday, September 27th, Two Harbors Investment Corp. acquired 5,210 shares of Two Harbors Investments Corp stock. The shares were bought 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 shares were bought 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 shares were bought 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. acquired 100 shares of Two Harbors Investments Corp stock. The shares were bought at an average price of $18.96 per share, with a total value of $1,896.00.
  • On Thursday, September 21st, Two Harbors Investment Corp. acquired 5,555 shares of Two Harbors Investments Corp stock. The shares were bought at an average price of $18.96 per share, with a total value of $105,322.80.
  • On Wednesday, September 20th, Two Harbors Investment Corp. acquired 25,000 shares of Two Harbors Investments Corp stock. The shares were bought at an average price of $18.82 per share, with a total value of $470,500.00.
  • On Friday, August 11th, Two Harbors Investment Corp. acquired 3,440 shares of Two Harbors Investments Corp stock. The shares were bought at an average price of $19.10 per share, with a total value of $65,704.00.
  • On Thursday, August 10th, Two Harbors Investment Corp. acquired 14,772 shares of Two Harbors Investments Corp stock. The shares were bought at an average price of $19.10 per share, with a total value of $282,145.20.

Two Harbors Investments Corp (TWO) opened at 10.12 on Monday. The company has a 50-day moving average price of $10.11 and a 200-day moving average price of $9.99. Two Harbors Investments Corp has a 12-month low of $8.20 and a 12-month high of $10.54. The stock has a market capitalization of $3.53 billion, a PE ratio of 6.60 and a beta of 0.58. Two Harbors Investments Corp’s stock is going 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 issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. Two Harbors Investments Corp had a return on equity of 10.26% and a net margin of 72.15%. The company had revenue of $117.79 million for the quarter, compared to analyst estimates of $123.04 million. During the same period last year, the company earned $0.22 earnings per share. Two Harbors Investments Corp’s quarterly revenue was up 16.8% compared to the same quarter last year. Analysts expect that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.28%. The ex-dividend date is Thursday, September 28th. Two Harbors Investments Corp’s payout ratio is currently 72.73%.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Koch Industries Inc. grew its holdings in Two Harbors Investments Corp by 412.6% in the second quarter. Koch Industries Inc. now owns 156,623 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 126,067 shares during the period. 1st Global Advisors Inc. acquired a new stake in Two Harbors Investments Corp in the second quarter valued at approximately $395,000. Piedmont Investment Advisors LLC acquired a new stake in Two Harbors Investments Corp in the second quarter valued at approximately $1,703,000. Sterling Capital Management LLC grew its holdings in Two Harbors Investments Corp by 9.2% in the second quarter. Sterling Capital Management LLC now owns 93,234 shares of the real estate investment trust’s stock valued at $924,000 after purchasing an additional 7,864 shares during the period. Finally, Linscomb & Williams Inc. acquired a new stake in Two Harbors Investments Corp in the second quarter valued at approximately $100,000. 70.21% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on TWO shares. Credit Suisse Group started coverage on Two Harbors Investments Corp in a research note on Wednesday, July 5th. They set an “outperform” rating and a $10.50 price objective for the company. Zacks Investment Research downgraded Two Harbors Investments Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. BidaskClub downgraded Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Maxim Group reiterated a “buy” rating and set a $10.25 price objective on shares of Two Harbors Investments Corp in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price 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)

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