TWO — Two Harbors Investments Corp

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Two Harbors Investments Corp

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comp… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$12.54
Market Cap$1.31B
Float104.0M
Shares Outstanding105.0M
P/E (Forward)11.06
Price/Sales (TTM)2.66
vs. Analyst Target-10.1% to analyst PT
Profit Margin-69.46%
Operating Margin (TTM)27.61%
Revenue (TTM)$494M
Earnings Growth (YoY)-76.30%
Dividend Rate1.4%
Analyst Target Price$11.28 (10 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 -$1.56B -$1.63B -$1.63B -$1.67B
2021 $255M $187M $191M $191M
2022 $12.6M $220M -$81.5M $583M
2023 -$557M -$152M -$672M -$129M
2024 $846M $298M $884M $953M
2025 $606M -$454M $593M $45.5M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $119M -$259M
Sep 2025 $248M -$128M
Dec 2025 $179M $11.7M
Mar 2026 $219M $32.3M

Ownership & Float

Insider Ownership1.1%
Institutional Ownership81.0%
Short Float3.5%
% of All Funds Holding2.56%
Number of Funds Holding210

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$11.82Near-term / short-term trend
Weekly40-Week SMA$10.82Medium-term trend
Weekly80-Week SMA$11.22Cyclical trend (business cycle)
Weekly200-Week SMA$12.94Secular trend (multi-year)
Monthly10-Month SMA$10.76Near-term monthly trend
Monthly20-Month SMA$11.30Medium-term monthly trend
Monthly40-Month SMA$12.40Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$10.10 support 2.02x 1 months ago
$13.30 resistance 1.69x 12 months ago
$14.10 resistance 1.13x 13 months ago

Historical Earnings Reactions (66 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.46% -0.22% 43.94% 4.45% -10.50%
1 Day -0.62% 0.00% 48.48% 15.52% -12.61%
1 Week -0.42% -0.45% 45.45% 30.75% -14.35%
2 Weeks 0.47% 0.33% 51.52% 34.73% -13.40%
1 Month 1.57% 1.15% 55.38% 39.60% -21.86%

Next earnings: August 3, 2026 (67 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan2.7%64.7%17
Feb0.8%58.8%17
Mar-3.3%58.8%17
Apr-0.4%41.2%17
May-1.6%43.8%16
Jun0.7%62.5%16
Jul0.0%50.0%16
Aug-0.2%68.8%16
Sep-4.5%25.0%16
Oct-1.1%43.8%16
Nov3.6%64.7%17
Dec-0.7%52.9%17

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.07% 48.3% 780
Tuesday -0.01% 47.7% 857
Wednesday 0.08% 49.8% 854
Thursday -0.08% 51.7% 838
Friday 0.03% 51.7% 835

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 81.0%

Insider Transactions — Smart Summary

Total insider ownership: 1.1%

12-Month Insider Activity Summary

Total Filings9
Net Value-$2.7M
Net Shares Change310,780
% of Float0.3%
C-Suite Filings7
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
GREENBERG WILLIAM ROSS Chief Executive Officer -$1.2M 1 N/A
LETICA NICHOLAS Chief Investment Officer -$720,435.979 2 N/A
Sandberg Rebecca B Chief Legal Officer -$312,787.097 1 N/A
RUSH ROBERT Chief Risk Officer -$269,561.45 1 N/A
HANSON ALECIA Chief Administrative Officer -$122,913.49 1 N/A
KASNET STEPHEN G -$88,417.38 1 N/A
Dellal William Chief Financial Officer -$81,099.376 1 N/A
Abraham Spencer -$56,864.15 1 N/A

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-12-19 – 2025-12-22 6 6 -$2.6M 6 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-15 KASNET STEPHEN G -$88,417.38 Transaction at $12.57, now -0.2%
2026-05-15 Abraham Spencer -$56,864.15 Transaction at $12.57, now -0.3%
2025-12-19 GREENBERG WILLIAM ROSS Chief Executive Officer -$1.2M Transaction at $11.42, now +9.8%
2025-12-22 Dellal William Chief Financial Officer -$81,099.376 Transaction at $11.44, now +9.6%
2025-12-19 RUSH ROBERT Chief Risk Officer -$269,561.45 Transaction at $11.43, now +9.8%
2025-12-19 Sandberg Rebecca B Chief Legal Officer -$312,787.097 Transaction at $11.43, now +9.7%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Two Harbors Investments Corp (TWO) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for TWO on Trend Edge →