Two Harbors Investments Corp (TWO) Major Shareholder Two Harbors Investment Corp. Acquires 4,597 Shares

Two Harbors Investments Corp (NYSE:TWO) major shareholder Two Harbors Investment Corp. purchased 4,597 shares of Two Harbors Investments Corp stock in a transaction that occurred on Monday, October 16th. The stock was acquired at an average cost of $18.96 per share, with a total value of $87,159.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 Wednesday, October 18th, Two Harbors Investment Corp. acquired 25,000 shares of Two Harbors Investments Corp stock. The shares were purchased at an average price of $18.81 per share, with a total value of $470,250.00.
  • On Tuesday, October 17th, Two Harbors Investment Corp. acquired 4,741 shares of Two Harbors Investments Corp stock. The shares were purchased at an average price of $18.96 per share, with a total value of $89,889.36.
  • On Friday, October 13th, Two Harbors Investment Corp. acquired 3,472 shares of Two Harbors Investments Corp stock. The shares were purchased 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 purchased at an average price of $18.94 per share, with a total value of $273,247.38.
  • On Wednesday, October 11th, Two Harbors Investment Corp. acquired 10,290 shares of Two Harbors Investments Corp stock. The shares were purchased at an average price of $18.95 per share, with a total value of $194,995.50.
  • On Wednesday, September 27th, Two Harbors Investment Corp. acquired 5,210 shares of Two Harbors Investments Corp stock. The shares were purchased 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 purchased 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 purchased 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 purchased 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 purchased at an average price of $18.96 per share, with a total value of $105,322.80.

Two Harbors Investments Corp (NYSE:TWO) traded down 0.148% during midday trading on Thursday, hitting $10.115. The stock had a trading volume of 216,105 shares. The stock has a 50-day moving average price of $10.11 and a 200 day moving average price of $10.00. Two Harbors Investments Corp has a 12-month low of $8.20 and a 12-month high of $10.54. The firm has a market cap of $3.53 billion, a P/E ratio of 6.598 and a beta of 0.58. Two Harbors Investments Corp shares are set 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 posted its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The company had revenue of $117.79 million during the quarter, compared to the consensus estimate of $123.04 million. During the same period last year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts anticipate that Two Harbors Investments Corp will post $1.07 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.27%. Two Harbors Investments Corp’s payout ratio is 72.73%.

TRADEMARK VIOLATION NOTICE: “Two Harbors Investments Corp (TWO) Major Shareholder Two Harbors Investment Corp. Acquires 4,597 Shares” was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.truebluetribune.com/2017/10/19/two-harbors-investments-corp-two-major-shareholder-two-harbors-investment-corp-acquires-4597-shares.html.

Hedge funds have recently bought and sold shares of the company. Optimum Investment Advisors raised its position in shares of Two Harbors Investments Corp by 0.7% during the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 117 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of Two Harbors Investments Corp by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 162 shares during the last quarter. World Asset Management Inc raised its position in shares of Two Harbors Investments Corp by 1.4% during the 2nd quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 175 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Two Harbors Investments Corp by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 190 shares during the last quarter. Finally, Utah Retirement Systems raised its position in shares of Two Harbors Investments Corp by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Several equities research analysts have commented on TWO shares. Zacks Investment Research lowered Two Harbors Investments Corp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. BidaskClub lowered Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. 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. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently 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.

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

Receive News & Ratings for Two Harbors Investments Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Two Harbors Investments Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply