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Alecia Hanson, Chief Administrative Officer of Two Harbors Investment Corp . (NYSE:TWO), recently sold 1,095 shares of common stock. The shares were sold at a price of $11.28 each, resulting in a total transaction value of $12,351. According to InvestingPro data, TWO, with a market cap of $1.2 billion, currently trades at $11.63 and maintains an impressive 15.9% dividend yield. Following this sale, Hanson retains ownership of 44,624 shares in the company. The sale was conducted to cover income tax liabilities from the vesting of restricted stock units and was carried out under a pre-established trading plan in accordance with Rule 10b5-1. InvestingPro analysis shows TWO has maintained dividend payments for 17 consecutive years, with analysts expecting a return to profitability this year. The company is scheduled to report earnings on February 5th. Get access to more exclusive insights and detailed analysis with an InvestingPro subscription.
In other recent news, Two Harbors Investment Corp. has reported stable Q3 2024 earnings results, with a book value of $14.93 per share and comprehensive income of $19.3 million. The company's investment portfolio totaled $16.4 billion, and its direct-to-consumer loan origination channel generated $22.4 million in first mortgages. Alongside financial updates, the company announced the appointment of Travis Swenson as its new Chief Financial Officer, effective May 2025. Swenson, who previously held financial leadership roles at Colliers Mortgage Holdings LLC and WeWork (OTC:WEWKQ), Inc., will take over from interim CFO William Dellal.
In addition to these developments, Two Harbors unveiled a new branding strategy emphasizing its core 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 underscore Two Harbors' strategic approach to enhance shareholder returns and position the company for future growth.
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