Two Harbors Investment Corp (NYSE: TWO) is 17.24% higher on its value in year-to-date trading and has touched a low of $10.84 and a high of $14.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TWO stock was last observed hovering at around $13.81 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $13.87, the stock is 0.45% and 7.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.43% at the moment leaves the stock 8.30% off its SMA200. TWO registered 12.36% gain for a year compared to 6-month loss of -0.98%. The firm has a 50-day simple moving average (SMA 50) of $12.9084 and a 200-day simple moving average (SMA200) of $12.88565.
The stock witnessed a 2.66% gain in the last 1 month and extending the period to 3 months gives it a 17.15%, and is 3.51% 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 1.78% over the week and 1.93% over the month.
Two Harbors Investment Corp (TWO) has around 477 employees, a market worth around $1.44B and $846.76M in sales. Current P/E ratio is 6.64 and Fwd P/E is 7.95. Profit margin for the company is 29.52%. Distance from 52-week low is 27.95% and -2.87% from its 52-week high. The company has generated returns on investments over the last 12 months (7.35%).
The EPS is expected to grow by 214.46% this year
270.0 institutions hold shares in Two Harbors Investment Corp (TWO), with institutional investors hold 72.04% of the company’s shares. The shares outstanding are 103.68M, and float is at 102.55M with Short Float at 2.79%. Institutions hold 71.31% of the Float.
The top institutional shareholder in the company is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with over 5.2 million shares valued at $$68.65 million. The investor’s holdings represent 5.0187 of the TWO Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 2.19 million shares valued at $$28.94 million to account for 2.1153 of the shares outstanding. The other top investors are BALYASNY ASSET MANAGEMENT L.P. which holds 2.11 million shares representing 2.0395 and valued at over $$27.9 million, while NORGES BANK holds 1.1256 of the shares totaling 1.17 million with a market value of $$15.4 million.
Two Harbors Investment Corp (TWO) Insider Activity
The most recent transaction is an insider sale by Sandberg Rebecca B, the company’s Chief Legal Officer. SEC filings show that Sandberg Rebecca B sold 2,561 shares of the company’s common stock on Feb 10 ’25 at a price of $12.96 per share for a total of $33191.0. Following the sale, the insider now owns 0.15 million shares.
Two Harbors Investment Corp disclosed in a document filed with the SEC on Feb 10 ’25 that RUSH ROBERT (Chief Risk Officer) sold a total of 2,392 shares of the company’s common stock. The trade occurred on Feb 10 ’25 and was made at $12.96 per share for $31000.0. Following the transaction, the insider now directly holds 87087.0 shares of the TWO stock.
Still, SEC filings show that on Feb 10 ’25, HANSON ALECIA (Chief Administrative Officer) disposed off 910 shares at an average price of $12.95 for $11784.0. The insider now directly holds 43,714 shares of Two Harbors Investment Corp (TWO).
