Two Harbors Investment Corp. (TWO): Brad Farrell , CFO and Treasurer of Two Harbors Investment Corp. sold 12,898 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $8.48 per share for a total value of $109,375.04 , 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, Rebecca B Sandberg (General Counsel and Secretary) sold 6,427 shares at $8.44 per share price.On May 17, 2016, Brad Farrell (CFO and Treasurer) sold 19,905 shares at $8.44 per share price.Also, On May 11, 2016, Thomas Siering (CEO) purchased 5,000 shares at $8.37 per share price.On Feb 18, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 1,367 shares at $7.29 per share price.
Two Harbors Investment Corp: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Two Harbors Investment Corp which led to swings in the share price. The shares opened for trading at $8.46 and hit $8.51 on the upside , eventually ending the session at $8.5, with a gain of 0.24% or 0.02 points. The heightened volatility saw the trading volume jump to 23,88,167 shares. The 52-week high of the share price is $10.73 and the company has a market cap of $2,954 M . The 52-week low of the share price is at $6.905.
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.