Large Outflow of Money Witnessed in Two Harbors Investments Corp

Two Harbors Investments Corp (TWO) managed to stay afloat and traded higher with an addition of 0.03 point or 0.34% at $8.8. The money flow data is a negative $(-1.95) million with $0.65 million in upticks and $2.6 million in downticks. The intraday up/down ratio came in at 0.25. The shares has seen 1.38% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.12 million and the combined worth of the downticks was $1.85, Million, leading to the up/down ratio of 0.07. The block trade saw a net money flow of $(-1.73) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Two Harbors Investment Corp. rose by 0.81% in the last five trading days and 0.46% for the last 4 weeks. Two Harbors Investment Corp. is up 8.04% in the last 3-month period. Year-to-Date the stock performance stands at 0.46%. Two Harbors Investments Corp (NYSE:TWO) witnessed a decline in the market cap on Wednesday as its shares dropped 0.11% or 0.01 points. After the session commenced at $8.76, the stock reached the higher end at $8.84 while it hit a low of $8.7. With the volume soaring to 3,283,319 shares, the last trade was called at $8.76. The company has a 52-week high of $9.175. The company has a market cap of $3,045 million and there are 347,643,720 shares in outstanding. The 52-week low of the share price is $7.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Mary Kathryn Riskey (Chief Accounting Officer) sold 3,190 shares at 8.60 per share price.On Jan 31, 2017, Brad Farrell (CFO and Treasurer) sold 28,901 shares at 8.58 per share price.On Jan 31, 2017, Rebecca B Sandberg (General Counsel and Secretary) sold 10,136 shares at 8.60 per share price.

Two Harbors Investment Corp Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.23. The company had revenue of $108.51 million for the quarter, compared to analysts expectations of $104.84 million. The companys revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Two Harbors Investment Corp was Upgraded by Wells Fargo to Outperform on Nov 4, 2016.

Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available.


Share this post

Leave a Reply