Two Harbors Investment Corp. (TWO) Files Form 4 Insider Selling : Rebecca B Sandberg Sells 6,427 Shares

Two Harbors Investment Corp. (TWO): Rebecca B Sandberg , General Counsel and Secretary of Two Harbors Investment Corp. sold 6,427 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $8.44 per share for a total value of $54,244.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Brad Farrell (CFO and Treasurer) sold 19,905 shares at $8.44 per share price.On May 11, 2016, Thomas Siering (CEO) purchased 5,000 shares at $8.37 per share price.Also, On Feb 18, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 1,367 shares at $7.29 per share price.On Feb 10, 2016, Rebecca B Sandberg (General Counsel and Secretary) sold 6,653 shares at $7.39 per share price.

Two Harbors Investment Corp (TWO) witnessed a volatile trading activity on Monday May 16, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $8.42 and reached the intraday high at $8.49. The bulls started the profit booking and pushed the shares to intraday low of $8.4. The trading session was marked by a volume range of 50,38,537 shares exchanging hands. The 52-week high of the shares is $10.74 and the 52-week low is $6.905. The market cap of the company stands at $2,933 M and there are 34,75,66,630 shares in public circulation.

Two Harbors Investment Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Two Harbors Investment Corp is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $10.50 . The Rating was issued on May 6, 2016.

Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company’s 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.

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