two harbors investment corp., a maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, mortgage servicing rights, commercial real estate and other financial assets. two harbors is headquartered in new york, ny, and is externally managed and advised by prcm advisers llc, a wholly-owned subsidiary of pine river capital management l.p. additional information is available at www.twoharborsinvestment.com.
![Two Harbors Investment logo](/files/LOGO/1465740-TWO.png)
Company profile
Ticker
TWO
Exchange
Website
CEO
Thomas Siering
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Agate Bay Residential Mortgage Securities LLC • Area RE Partners Columbus LLC • CYS/Area LP • CYS Condo GP LLC • CYS Investments LLC • Eiger Holdings Company LLC • Eiger Partnership LLC • Matrix Financial Services Corporation • North Shore Assets LLC • North Shore Mortgage Opportunity LLC ...
IRS number
270312904
TWO stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
15 May 24
10-Q
2024 Q1
Quarterly report
30 Apr 24
8-K
Two Harbors Investment Corp. Reports First Quarter 2024 Financial Results
29 Apr 24
ARS
2023 FY
Annual report to shareholders
3 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
8-K
Departure of Directors or Certain Officers
4 Mar 24
8-K
Other Events
23 Feb 24
424B5
Prospectus supplement for primary offering
23 Feb 24
S-3ASR
Automatic shelf registration
22 Feb 24
Transcripts
TWO
Earnings call transcript
2024 Q1
30 Apr 24
TWO
Earnings call transcript
2023 Q4
30 Jan 24
TWO
Earnings call transcript
2023 Q3
31 Oct 23
TWO
Earnings call transcript
2023 Q2
1 Aug 23
TWO
Earnings call transcript
2023 Q1
2 May 23
TWO
Earnings call transcript
2022 Q4
9 Feb 23
TWO
Earnings call transcript
2022 Q3
9 Nov 22
TWO
Earnings call transcript
2022 Q2
4 Aug 22
TWO
Earnings call transcript
2022 Q1
5 May 22
TWO
Earnings call transcript
2021 Q4
10 Feb 22
Latest ownership filings
4
Rebecca B Sandberg
22 May 24
4
MARY KATHRYN RISKEY
22 May 24
4
WILLIAM ROSS GREENBERG
22 May 24
4
STEPHEN G KASNET
20 May 24
4
Spencer Abraham
20 May 24
144
Notice of proposed sale of securities
17 May 24
144
Notice of proposed sale of securities
17 May 24
144
Notice of proposed sale of securities
17 May 24
4
Hope B Woodhouse
16 May 24
4
JAMES A STERN
16 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 738.43 mm | 738.43 mm | 738.43 mm | 738.43 mm | 738.43 mm | 738.43 mm |
Cash burn (monthly) | 18.80 mm | 7.26 mm | (no burn) | (no burn) | 2.89 mm | (no burn) |
Cash used (since last report) | 49.62 mm | 19.16 mm | n/a | n/a | 7.63 mm | n/a |
Cash remaining | 688.81 mm | 719.27 mm | n/a | n/a | 730.80 mm | n/a |
Runway (months of cash) | 36.6 | 99.1 | n/a | n/a | 252.9 | n/a |
Institutional ownership, Q1 2024
63.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 181 |
Opened positions | 181 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 843.45 bn |
Total shares | 65.19 mm |
Total puts | 740.50 k |
Total calls | 267.60 k |
Total put/call ratio | 2.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 17.35 mm | $229.68 bn |
Vanguard | 11.71 mm | $155.00 bn |
Allspring Global Investments | 5.25 mm | $69.51 bn |
STT State Street | 3.78 mm | $50.09 bn |
Balyasny Asset Management | 2.85 mm | $37.73 bn |
Geode Capital Management | 2.30 mm | $30.49 bn |
Massachusetts Financial Services | 2.23 mm | $29.53 bn |
IVZ Invesco | 1.70 mm | $22.46 bn |
Mirae Asset Global Investments | 1.32 mm | $18.52 bn |
MS Morgan Stanley | 1.31 mm | $17.30 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 May 24 | William Ross Greenberg | Common stock, par value $0.01 per share | Sell | Dispose S | No | Yes | 12.6816 | 8,170 | 103.61 k | 255,909 |
21 May 24 | Mary Kathryn Riskey | Common stock, par value $0.01 per share | Sell | Dispose S | No | Yes | 12.6816 | 3,870 | 49.08 k | 79,735 |
21 May 24 | Sandberg Rebecca B | Common stock, par value $0.01 per share | Sell | Dispose S | No | Yes | 12.6816 | 4,505 | 57.13 k | 112,894 |
17 May 24 | Spencer Abraham | Common stock, par value $0.01 per share | Sell | Dispose S | No | Yes | 13.0159 | 3,840 | 49.98 k | 31,896 |
17 May 24 | Kasnet Stephen G | Common stock, par value $0.01 per share | Sell | Dispose S | No | Yes | 13.0159 | 12,790 | 166.47 k | 97,569 |
News
JMP Securities Reiterates Market Outperform on Two Harbors Inv, Maintains $15 Price Target
7 Jun 24
UBS Upgrades Two Harbors Inv to Buy, Raises Price Target to $14.5
7 Jun 24
Two Harbors Inv Q1 2024 Adj EPS $0.05 Misses $0.28 Estimate, Sales $(42.217M) Miss $(18.425M) Estimate
29 Apr 24
JMP Securities Reiterates Market Outperform on Two Harbors Inv, Maintains $15 Price Target
19 Apr 24
JMP Securities Reiterates Market Outperform on Two Harbors Inv, Maintains $15 Price Target
18 Apr 24
Press releases
Voxtur Shareholders for Accountability File Information Document and Nominate Alternative Directors for Company's Upcoming Annual and Special Meeting
19 Jun 24
Voxtur Shareholders for Accountability File Information Document and Nominate Alternative Directors for Company's Upcoming Annual and Special Meeting
19 Jun 24
Two Harbors Investment Corp. Announces Second Quarter 2024 Common and Preferred Stock Dividends
18 Jun 24
Two Harbors Investment Corp. to Present at the 2024 KBW Virtual Real Estate Finance & Technology Conference
16 May 24
Two Harbors Investment Corp. Announces Details Pertaining to the 2024 Annual Meeting of Stockholders
14 May 24