Two Harbors Investment Corp (NYSE: TWO) is -5.53% lower on its value in year-to-date trading and has touched a low of $9.83 and a high of $14.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TWO stock was last observed hovering at around $12.88 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $13.16, the stock is 2.72% and 2.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 2.17% at the moment leaves the stock -0.00% off its SMA200. TWO registered -6.67% loss for a year compared to 6-month loss of 0.84%. The firm has a 50-day simple moving average (SMA 50) of -$524.86.
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The stock witnessed a 3.46% gain in the last 1 month and extending the period to 3 months gives it a -7.58%, and is 2.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.85% over the month.
Two Harbors Investment Corp (TWO) has around 466 employees, a market worth around $1.36B and $659.83M in sales. Fwd P/E is 6.83. Profit margin for the company is -23.04%. Distance from 52-week low is 33.88% and -10.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.03%).
Two Harbors Investment Corp quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $-17.3M over the same period.The EPS is expected to grow by 2654.76% this year, but quarterly earnings will post -65.20% year-over-year. Quarterly sales are estimated to grow 871.90% in year-over-year returns.
289 institutions hold shares in Two Harbors Investment Corp (TWO), with institutional investors hold 66.56% of the company’s shares. The shares outstanding are 103.21M, and float is at 102.36M with Short Float at 2.75%. Institutions hold 66.10% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 16.61 million shares valued at $230.5 million. The investor’s holdings represent 17.27% of the TWO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.7 million shares valued at $148.57 million to account for 11.13% of the shares outstanding. The other top investors are Allspring Global Investments Holdings, LLC which holds 5.08 million shares representing 5.29% and valued at over $70.57 million, while State Street Corporation holds 3.76% of the shares totaling 3.61 million with a market value of $50.14 million.
Two Harbors Investment Corp (TWO) Insider Activity
The most recent transaction is an insider sale by RUSH ROBERT, the company’s Chief Risk Officer. SEC filings show that RUSH ROBERT sold 3,775 shares of the company’s common stock on Feb 27 ’24 at a price of $12.60 per share for a total of $47566.0. Following the sale, the insider now owns 69176.0 shares.
Two Harbors Investment Corp disclosed in a document filed with the SEC on Feb 27 ’24 that VINAR JASON (Chief Operating Officer) sold a total of 1,980 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $12.60 per share for $24948.0. Following the transaction, the insider now directly holds 44035.0 shares of the TWO stock.
Still, SEC filings show that on Feb 27 ’24, KEEN MATTHEW (Chief Technology Officer) disposed off 1,891 shares at an average price of $12.60 for $23827.0. The insider now directly holds 29,718 shares of Two Harbors Investment Corp (TWO).
