An Two Harbors Investment Corp. (TWO) Former Chief Inv. Officer Sells 84913.0 Shares

Two Harbors Investment Corp. (NYSE:TWO) finished Thursday with an addition of $0.04 to close at $6.49, an upside of 0.62 percent. An average of 2,915,520 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week. The last 20 days have seen an average of 3,091,045 shares traded, while the 50-day average volume stands at 3,037,490.

TWO stock has increased by 1.25% in the last month. The company shares reached their 1-month lowest point of $6.31 on 10/01/21. With the stock rallying to its 52-week high on 06/21/21, shares of the company touched a low of $4.88 and a high of $8.15 in 52 weeks. In spite of this, the price is down -20.37% from the 52-week high.

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Insider Transactions

57 days have passed since Two Harbors Investment Corp. (TWO) last reported insider trading activity. KOEPPEN MATTHEW, who is Former Chief Inv. Officer, most recently acquired $84,913 shares at $6.46 per share on Aug 12. In this transaction, the insider spent $548,122. Former Chief Inv. Officer, KOEPPEN MATTHEW, disposed of 110,000 shares at a price of $6.44 on Aug 11. The insider now owns more than $708,587 worth of shares. Prior to that, Former Chief Inv. Officer KOEPPEN MATTHEW went on to Sale 100,000 shares at $6.43 each on Aug 10. An amount of $642,670 was transacted.

Valuation Metrics

Two Harbors Investment Corp. (TWO) has a trailing price-to-earnings (P/E) ratio of 4.11, which compares with the 21.25 for the broader industry and 37.66 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Two Harbors Investment Corp.’s PE ratio has ranged between 105.14 and 3.145. The stock’s beta is 1.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.03, the price-to-book (PB) ratio at 1.00, and the price-to-cash flow ratio at 4.37.

Two Harbors Investment Corp. pays a $0.68 dividend per share annually. It offers a dividend yield of 10.48%. The company has a payout ratio of 29.30%. The company’s most recent quarterly dividend payment was $0.17 a share, without any change from last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.03 reported on Saturday December 19 2020. Dividends have grown by -75.12% each year over the last three years.

Two Harbors Investment Corp. will next go ex-dividend on 31-Dec. The next dividend payment Two Harbors Investment Corp. will make is expected to be $0.17.

Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 5.45 For the recent quarter ending June 29. Its gross profit as reported stood at $326.99 million compared to revenue of $525.05 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Two Harbors Investment Corp.’s return on assets was 2.70%, compared to -0.5% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 23.50% and the 5-year average holds at -6.4%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

The analyst consensus anticipated Two Harbors Investment Corp.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.19, a -5.00% surprise. For the recent quarter, EBITDA amounted to $69.59 million. At the end of the quarter ending June 29, Two Harbors Investment Corp.’s stock balance sheet showed total debt was $9.72 billion. Shareholders own equity worth $313.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Two Harbors Investment Corp. (TWO) price momentum. RSI 9-day as of the close on 07 October was 48.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.27%.

As of today, TWO’s price is $6.46 +2.37% or $0.15 from its 5-day moving average. TWO is currently trading +0.62% higher than its 20-day SMA and -10.11% lower than its 100-day SMA. However, the stock’s current price level is +1.56% above the SMA50 and +0.78% above the SMA200.

The stochastic %K and %D were 40.00% and 35.82%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 42.35% and the average true range at 0.13, the RSI (14) stands at 48.92%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.04.

Analyst Ratings

Credit Suisse downgraded Two Harbors Investment Corp. (NYSE: TWO) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Two Harbors Investment Corp. (TWO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TWO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is TWO’s price target for the next 12 months?

Analysts predict a range of price targets between $6.25 and $7.50, with a median target of $6.63. Taking a look at these predictions, the average price target given by analysts for Two Harbors Investment Corp. (TWO) stock is $6.71.


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