Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Jillian Halm, the Chief Accounting Officer of Two Harbors Investment Corp . (NYSE:TWO), recently sold a portion of her holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Halm sold 1,030 shares of common stock at a price of $11.23 per share, totaling $11,566. The $1.2 billion market cap company, known for its significant 15.87% dividend yield, has maintained dividend payments for 17 consecutive years, according to InvestingPro data.
Following this transaction, Halm retains ownership of 10,593 shares in the company. The sale was conducted as part of a pre-arranged trading plan under Rule 10b5-1, which allows insiders to sell stock at predetermined times to avoid potential conflicts of interest. With a FAIR financial health score and trading near its Fair Value, TWO shows notable price volatility. Discover more insights with InvestingPro's comprehensive research report, covering what matters most for informed investment decisions.
In other recent news, Two Harbors Investment Corp. has appointed Travis Swenson as its new Chief Financial Officer, effective from May 2025. Swenson, formerly the CFO at Colliers Mortgage Holdings LLC, will initially serve as Deputy CFO under interim CFO William Dellal. This follows the company's Q3 2024 earnings report, which showed a steady performance with a book value of $14.93 per share and a comprehensive income of $19.3 million. The company also reported a quarterly economic return of 1.3% and a total economic return of 7.0% for the first nine months of the year. In addition, 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, the company anticipates a static return estimate between 9.5% to 12.7%. These are the latest developments for Two Harbors, a company that continues to adapt to market conditions and implement strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.