Two Harbors Investments Corp (NYSE:TWO) has climbed 0.23% in the past week and advanced 2.62% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.44% and the outperformance has advanced to 1.68% for the last 4 weeks period.
Two Harbors Investments Corp (NYSE:TWO): The stock opened at $8.66 on Friday but the bulls could not build on the opening and the stock topped out at $8.74 for the day. The stock traded down to $8.61 during the day, due to lack of any buying support eventually closed down at $8.62 with a loss of -0.23% for the day. The stock had closed at $8.64 on the previous day. The total traded volume was 5,156,653 shares.
The company shares have dropped -17.20% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $10.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.40 and the 200 Day Moving Average price is recorded at $7.99.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (General Counsel and Secretary) of Two Harbors Investment Corp., Sandberg Rebecca B had sold 6,488 shares worth of $55,018 in a transaction dated May 31, 2016. In this transaction, 6,488 shares were sold at $8.48 per share.
Currently the company Insiders own 0.96% of Two Harbors Investments Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.96% . Institutional Investors own 70.62% of Two Harbors Investments Corp shares. During last six month period, the net percent change held by insiders has seen a change of -28.17%.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives), meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Non-Agency RMBS, meaning RMBS that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets, and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.