Two Harbors Investment Corp. (NYSE:TWO) CFO Mary Kathryn Riskey Sells 2,150 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWOGet Free Report) CFO Mary Kathryn Riskey sold 2,150 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the transaction, the chief financial officer now directly owns 83,605 shares in the company, valued at approximately $1,028,341.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mary Kathryn Riskey also recently made the following trade(s):

  • On Tuesday, January 16th, Mary Kathryn Riskey sold 2,868 shares of Two Harbors Investment stock. The stock was sold at an average price of $13.28, for a total transaction of $38,087.04.
  • On Tuesday, January 9th, Mary Kathryn Riskey sold 3,060 shares of Two Harbors Investment stock. The stock was sold at an average price of $14.05, for a total value of $42,993.00.

Two Harbors Investment Trading Up 3.1 %

Shares of TWO stock opened at $12.85 on Tuesday. Two Harbors Investment Corp. has a fifty-two week low of $9.83 and a fifty-two week high of $17.31. The company has a 50 day moving average price of $13.58 and a 200 day moving average price of $13.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.08 and a current ratio of 1.12.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, January 12th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.80 annualized dividend and a yield of 14.01%. Two Harbors Investment’s dividend payout ratio is presently -90.00%.

Institutional Trading of Two Harbors Investment

Several hedge funds have recently modified their holdings of TWO. Vanguard Group Inc. increased its holdings in Two Harbors Investment by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 38,631,309 shares of the real estate investment trust’s stock worth $128,256,000 after purchasing an additional 641,168 shares during the period. BlackRock Inc. raised its holdings in Two Harbors Investment by 10.8% in the first quarter. BlackRock Inc. now owns 16,693,244 shares of the real estate investment trust’s stock valued at $245,558,000 after acquiring an additional 1,624,206 shares in the last quarter. State Street Corp lifted its stake in Two Harbors Investment by 2.6% in the second quarter. State Street Corp now owns 13,064,956 shares of the real estate investment trust’s stock worth $65,063,000 after acquiring an additional 332,585 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Two Harbors Investment by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,150,572 shares of the real estate investment trust’s stock valued at $71,747,000 after purchasing an additional 56,470 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Two Harbors Investment by 20.7% in the 1st quarter. Invesco Ltd. now owns 4,846,112 shares of the real estate investment trust’s stock valued at $26,799,000 after purchasing an additional 830,513 shares in the last quarter. 63.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TWO. Keefe, Bruyette & Woods upped their price objective on Two Harbors Investment from $14.00 to $17.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. TheStreet cut Two Harbors Investment from a “c-” rating to a “d” rating in a report on Tuesday, January 30th. JMP Securities boosted their price objective on shares of Two Harbors Investment from $12.50 to $15.00 and gave the company a “market outperform” rating in a report on Friday, December 15th. UBS Group began coverage on shares of Two Harbors Investment in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $14.50 price target on the stock. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.63.

Get Our Latest Research Report on TWO

About Two Harbors Investment

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Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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

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