Two Harbors CEO sells $108,902 in common stock

Published 01/15/2025, 04:39 PM
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William Ross Greenberg, the Chief Executive Officer of Two Harbors Investment Corp . (NYSE:TWO), a $1.2 billion market cap mortgage REIT known for its impressive 15.9% dividend yield, recently sold 9,663 shares of the company's common stock. The shares were sold at an average price of $11.27 each, amounting to a total transaction value of approximately $108,902. This transaction was conducted on January 14, 2025, as part of a pre-arranged trading plan under Rule 10b5-1, designed to satisfy income tax liabilities related to the vesting of restricted stock units. According to InvestingPro, Two Harbors maintains a 'Fair' financial health score and is scheduled to report earnings on February 5, 2025.

Following the sale, Greenberg holds 399,402 shares directly. Additionally, Greenberg's spouse holds 3,025 shares indirectly, in which he retains a pecuniary interest but does not have voting or dispositive power. For deeper insights into insider transactions and comprehensive financial analysis, including 8 additional ProTips, check out the full research report available on InvestingPro.

In other recent news, Two Harbors Investment Corp. announced the appointment of Travis Swenson as its new Chief Financial Officer, effective May 2025. Swenson, previously CFO at Colliers Mortgage Holdings and holding other significant roles at WeWork (OTC:WEWKQ), Inc. and CBRE (NYSE:CBRE), Inc., will assume the role of Deputy Chief Financial Officer until his official commencement. In other developments, Two Harbors recently reported a steady Q3 2024 performance 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 $11.4 billion in settled positions. Two Harbors also unveiled a new branding strategy emphasizing its focus on Mortgage Servicing Rights (MSR). The company anticipates a static return estimate between 9.5% to 12.7% and expressed confidence in its long-term strategy. Despite a slight decline in MSR valuation and market volatility, the company's proactive management approach and strategic initiatives are designed to enhance shareholder returns and position Two Harbors for future growth.

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