The Insider Buying: Two Harbors Investments Corp (TWO) Major Shareholder Acquires 14,427 Shares of Stock

The Insider Buying: Two Harbors Investments Corp (TWO) Major Shareholder Acquires 14,427 Shares of Stock

Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. purchased 14,427 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was acquired at an average price of $18.94 per share, with a total value of $273,247.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

Two Harbors Investments Corp (TWO) traded down 0.10% during mid-day trading on Friday, hitting $10.12. 2,675,072 shares of the company’s stock were exchanged. The stock has a market cap of $3.53 billion, a PE ratio of 6.60 and a beta of 0.58. The stock’s 50 day moving average price is $10.11 and its 200-day moving average price is $9.99. Two Harbors Investments Corp has a 12 month low of $8.18 and a 12 month high of $10.54. Two Harbors Investments Corp’s stock is set to reverse split 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 posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $117.79 million for the quarter, compared to analysts’ expectations of $123.04 million. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. Equities analysts expect that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the company. Koch Industries Inc. grew its holdings in shares of Two Harbors Investments Corp by 412.6% during the 2nd 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 last quarter. 1st Global Advisors Inc. bought a new position in shares of Two Harbors Investments Corp during the 2nd quarter valued at $395,000. Piedmont Investment Advisors LLC bought a new position in shares of Two Harbors Investments Corp during the 2nd quarter valued at $1,703,000. Sterling Capital Management LLC grew its holdings in shares of Two Harbors Investments Corp by 9.2% during the 2nd 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 last quarter. Finally, Linscomb & Williams Inc. bought a new position in shares of Two Harbors Investments Corp during the 2nd quarter valued at $100,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

TWO has been the topic of a number of recent analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $10.00 price objective on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. Maxim Group reissued a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, July 20th. Finally, BidaskClub cut shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $9.95.

Two Harbors Investments Corp 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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