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William Ross Greenberg, the Chief Executive Officer of Two Harbors Investment Corp . (NYSE:TWO), recently sold shares valued at approximately $311,611, according to a filing with the Securities and Exchange Commission. The company, currently valued at $1.15 billion, stands out for its impressive 15.96% dividend yield and 17-year track record of consistent dividend payments. The transactions, which took place on January 8 and January 10, involved the sale of 14,039 shares at a weighted average price of $11.21 and 13,855 shares at a weighted average price of $11.13, respectively.
These sales were conducted to cover income tax liabilities resulting from the vesting of performance share units and restricted stock units previously granted to Greenberg. Following these transactions, Greenberg retains direct ownership of 409,065 shares in the company. Additionally, there are 3,025 shares held indirectly by his spouse.
In other recent news, Two Harbors Investment Corp. has appointed Travis Swenson as its new Chief Financial Officer, effective May 2025. Swenson, previously the CFO at Colliers Mortgage Holdings LLC, will first assume the role of Deputy CFO under the interim CFO William Dellal. In addition to the leadership reshuffle, the company has reported steady Q3 2024 earnings with a book value of $14.93 per share and a comprehensive income of $19.3 million. The company's investment portfolio totaled $16.4 billion, with its direct-to-consumer loan origination channel generating $22.4 million in first mortgages. Furthermore, Two Harbors unveiled a new branding strategy, emphasizing its focus on Mortgage Servicing Rights (MSR) as a key investment strategy. Despite a slight decline in MSR valuation and market volatility, the company anticipates a static return estimate between 9.5% to 12.7%. These recent developments highlight the company's strategic focus on enhancing shareholder returns and positioning for future growth.
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