TWO — Two Harbors Investments Corp

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

Trend Edge Setup Score

Trend Edge rates TWO Bearish with a Setup Score of 32, net conviction 30, actionability 34. How the Setup Score works →

Total Setup Score32
Directional BiasBearish
Net Conviction30
Actionability34 (in range)

Key signals behind this score

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$12.18
Market Cap$1.27B
Float96.2M
Shares Outstanding105.1M
P/E (Forward)10.63
Price/Sales (TTM)1.98
vs. Analyst Target-2.3% to analyst PT
Profit Margin-3.39%
Operating Margin (TTM)48.13%
Revenue (TTM)$640M
Earnings Growth (YoY)-76.30%
Dividend Rate1.4%
Analyst Target Price$11.90 (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
Sep 2025 $248M -$128M
Dec 2025 $179M $11.7M
Mar 2026 $219M $32.3M
Jun 2026 $213M $62.2M

Ownership & Float

Insider Ownership1.0%
Institutional Ownership87.6%
Short Float4.5%
% of All Funds Holding2.63%
Number of Funds Holding231

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$12.12Near-term / short-term trend
Weekly40-Week SMA$11.58Medium-term trend
Weekly80-Week SMA$11.24Cyclical trend (business cycle)
Weekly200-Week SMA$12.62Secular trend (multi-year)
Monthly10-Month SMA$11.44Near-term monthly trend
Monthly20-Month SMA$11.37Medium-term monthly trend
Monthly40-Month SMA$12.18Secular 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 4 months ago
$13.30 resistance 1.69x 15 months ago
$14.10 resistance 1.13x 16 months ago

Historical Earnings Reactions (67 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.45% -0.19% 44.78% 4.45% -10.50%
1 Day -0.61% 0.00% 47.76% 15.52% -12.61%
1 Week -0.42% -0.45% 44.78% 30.75% -14.35%
2 Weeks 0.46% 0.33% 50.75% 34.73% -13.40%
1 Month 1.73% 1.40% 56.06% 39.60% -21.86%

Next earnings: October 16, 2026 (51 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-1.1%47.1%17
Jun0.7%64.7%17
Jul-0.1%47.1%17
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% 793
Tuesday -0.00% 47.8% 870
Wednesday 0.07% 49.5% 867
Thursday -0.08% 51.5% 851
Friday 0.03% 51.9% 846

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 87.6%

Insider Transactions — Smart Summary

Total insider ownership: 1.0%

12-Month Insider Activity Summary

Total Filings28
Net Value-$36.6M
Net Shares Change-1,555,626
% of Float-1.6%
C-Suite Filings19
Clusters Detected3

Key Insiders

NameTitleNet ValueFilingsActivity
GREENBERG WILLIAM ROSS Chief Executive Officer -$14.6M 1 2 sell
LETICA NICHOLAS Chief Investment Officer -$7.4M 1 1 sell
Sandberg Rebecca B Chief Legal Officer -$4.9M 1 1 sell
RUSH ROBERT Chief Risk Officer -$2.9M 1 1 sell
HANSON ALECIA Chief Administrative Officer -$1.7M 1 1 sell
KASNET STEPHEN G -$1.2M 1 1 sell
Dellal William Chief Financial Officer -$1.0M 1 1 sell
Campbell James D EVP Servicing Ops RoundPoint -$672,588 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-12-19 – 2025-12-22 6 6 -$2.6M 6 C-suite
2026-01-12 – 2026-01-15 4 3 -$62,915.942 4 C-suite
2026-08-25 – 2026-08-25 16 16 -$38.5M 9 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-25 GREENBERG WILLIAM ROSS Chief Executive Officer -$14.6M Transaction at $12.00, now +1.5%
2026-08-25 KASNET STEPHEN G -$1.2M Transaction at $12.00, now +1.5%
2026-08-25 LETICA NICHOLAS Chief Investment Officer -$7.4M Transaction at $12.00, now +1.5%
2026-08-25 Sandberg Rebecca B Chief Legal Officer -$4.9M Transaction at $12.00, now +1.5%
2026-08-25 RUSH ROBERT Chief Risk Officer -$2.9M Transaction at $12.00, now +1.5%
2026-08-25 HANSON ALECIA Chief Administrative Officer -$1.7M Transaction at $12.00, now +1.5%

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 →