Two Harbors Investment Corp(NYSE:TWO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $100.81M. Analysts estimated a revenue of $89.40M. Earnings per share were $0.22.
Two Harbors Investment Corp (TWO) made into the market gainers list on Fridays trading session with the shares advancing 0.33% or 0.03 points. Due to strong positive momentum, the stock ended at $9.01, which is also near the day’s high of $9.07. The stock began the session at $9.04 and the volume stood at 14,00,345 shares. The 52-week high of the shares is $9.98 and the 52 week low is $6.905. The company has a current market capitalization of $3,132 M and it has 34,76,26,800 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Rebecca B Sandberg (General Counsel and Secretary) sold 6,488 shares at $8.48 per share price.Also, On Jun 1, 2016, Mary Kathryn Riskey (Chief Accounting Officer) sold 2,127 shares at $8.48 per share price.On Jun 1, 2016, Brad Farrell (CFO and Treasurer) sold 12,898 shares at $8.48 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.