Two Harbors Investment Corp(NYSE:TWO) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $112.873M. Analysts estimated a revenue of $104.140M. The revenues were 8.39% above the estimates. Earnings per share were $0.24. Analysts had estimated an EPS of $0.24.
Two Harbors Investment Corp (TWO) shares turned negative on Tuesdays trading session with the shares closing down -0.07 points or -0.79% at a volume of 22,31,125. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.89. The peak price level was also seen at $8.89 while the days lowest was $8.75. Finally the shares closed at $8.78. The 52-week high of the shares is $9.175 while the 52-week low is $7. According to the latest information available, the market cap of the company is $3,052 M.
Several Insider Transactions has been reported to the SEC. On Jan 31, 2017, Mary Kathryn Riskey (Chief Accounting Officer) sold 3,190 shares at $8.60 per share price.Also, 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, according to the Form-4 filing with the securities and exchange commission.
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.