Two Harbors Investment Corp. - Preferred Stock
US ˙ NYSE

Introduction

This page provides a comprehensive analysis of the known insider trading history of Thomas Siering. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Thomas Siering has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:TWO / Two Harbors Investment Corp. Director 397,330
US:GPMT / Granite Point Mortgage Trust Inc. Director 185,482
Director 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Thomas Siering. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases TWOD / Two Harbors Investment Corp. - Preferred Stock - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in TWOD / Two Harbors Investment Corp. - Preferred Stock. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2019-11-12 TWO SIERING THOMAS 4,000 14.4200 1,000 57.6800 57,680 100 63.32 5,640 9.78
2019-08-14 TWO SIERING THOMAS 5,000 13.1095 1,250 52.4380 65,548
2019-02-20 TWO SIERING THOMAS 3,500 13.7970 875 55.1880 48,290
2018-11-12 TWO SIERING THOMAS 3,500 14.4050 875 57.6200 50,418
2018-08-15 TWO SIERING THOMAS 5,000 15.4082 1,250 61.6328 77,041
2018-02-12 TWO SIERING THOMAS 3,000 14.8493 750 59.3972 44,548
2017-11-13 TWO SIERING THOMAS 3,500 15.2970 875 61.1880 53,540
2017-08-14 TWO SIERING THOMAS 5,000 10.1350 1,667 30.4050 50,675
2017-02-10 TWO SIERING THOMAS 4,000 8.9400 1,333 26.8200 35,760
2016-11-08 TWO SIERING THOMAS 3,500 8.4789 1,167 25.4367 29,676
2016-08-10 TWO SIERING THOMAS 3,500 8.9862 1,167 26.9586 31,452
2016-05-10 TWO SIERING THOMAS 5,000 8.3716 1,667 25.1148 41,858
2016-02-12 TWO SIERING THOMAS 5,000 7.1470 1,667 21.4410 35,735
2015-11-11 TWO SIERING THOMAS 3,000 8.3900 1,000 25.1700 25,170
2015-08-11 TWO SIERING THOMAS 3,000 9.6700 1,000 29.0100 29,010
2015-05-21 TWO SIERING THOMAS 3,000 10.6900 1,000 32.0700 32,070
2015-02-13 TWO SIERING THOMAS 5,000 10.3000 1,667 30.9000 51,500
2014-08-20 TWO SIERING THOMAS 20,000 10.4800 6,667 31.4400 209,600
2013-02-19 TWO SIERING THOMAS 8,200 12.5700 2,733 37.7100 103,074
2013-02-19 TWO SIERING THOMAS 16,800 12.6000 5,600 37.8000 211,680
2012-05-17 TWO SIERING THOMAS 10,000 10.1200 3,333 30.3600 101,200
2012-02-14 TWO SIERING THOMAS 50,000 9.9000 16,667 29.7000 495,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

TWOD / Two Harbors Investment Corp. - Preferred Stock Insider Trades
Insider Sales TWOD / Two Harbors Investment Corp. - Preferred Stock - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in TWOD / Two Harbors Investment Corp. - Preferred Stock. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2021-05-18 TWO SIERING THOMAS 52,376 7.2324 13,094 28.9296 378,804 13 7.19 -284,658 -75.15
2021-05-14 TWO SIERING THOMAS 100,000 7.0926 25,000 28.3704 709,260
2021-05-13 TWO SIERING THOMAS 200,000 6.9756 50,000 27.9024 1,395,120
2014-08-20 TWO SIERING THOMAS 20,000 10.4700 6,667 31.4100 209,400

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

TWOD / Two Harbors Investment Corp. - Preferred Stock Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Thomas Siering as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2021-05-20 2021-05-18 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		S - Sale -52,376 397,330 -11.65 7.23 -378,804 2,873,649
2021-05-17 2021-05-14 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		S - Sale -100,000 449,706 -18.19 7.09 -709,260 3,189,585
2021-05-17 2021-05-13 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		S - Sale -200,000 549,706 -26.68 6.98 -1,395,120 3,834,529
2019-11-13 2019-11-12 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 4,000 749,706 0.54 14.42 57,680 10,810,761
2019-08-15 2019-08-14 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 5,000 745,706 0.68 13.11 65,548 9,775,833
2019-02-21 2019-02-20 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,500 1,104,342 0.32 13.80 48,290 15,236,607
2019-01-29 2019-01-28 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		A - Award 20,833 1,100,842 1.93 14.40 299,995 15,852,125
2018-11-13 2018-11-12 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,500 1,080,009 0.33 14.40 50,418 15,557,530
2018-08-16 2018-08-15 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 5,000 1,076,509 0.47 15.41 77,041 16,587,066
2018-04-04 2018-04-02 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		J - Other 172,826 1,071,509 19.23 15.23 2,632,140 16,319,082
2018-04-04 2018-04-02 4 GPMT Granite Point Mortgage Trust Inc.
Common Stock 		J - Other 32,755 185,482 21.45 16.63 544,716 3,084,566
2018-02-13 2018-02-12 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,000 898,683 0.33 14.85 44,548 13,344,813
2018-01-29 2018-01-29 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		A - Award 218,253 895,683 32.22 15.12 3,299,985 13,542,727
2017-11-15 2017-11-13 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,500 677,430 0.52 15.30 53,540 10,362,647
2017-08-16 2017-08-14 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 5,000 1,347,863 0.37 10.14 50,675 13,660,592
2017-06-30 2017-06-28 4 GPMT Granite Point Mortgage Trust Inc.
Common Stock 		P - Purchase 25,000 25,000 19.50 487,500 487,500
2017-05-09 2017-05-09 4 SBY Silver Bay Realty Trust Corp.
Common Stock, par value $0.01 per share 		D - Sale to Issuer -75,260 0 -100.00
2017-02-13 2017-02-10 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 4,000 1,144,152 0.35 8.94 35,760 10,228,719
2017-01-30 2017-01-26 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		A - Award 274,599 1,140,152 31.73 8.74 2,399,995 9,964,928
2016-11-09 2016-11-08 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,500 865,553 0.41 8.48 29,676 7,338,937
2016-08-11 2016-08-10 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,500 862,053 0.41 8.99 31,452 7,746,581
2016-05-11 2016-05-10 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 5,000 858,553 0.59 8.37 41,858 7,187,462
2016-02-29 2016-02-29 4 SBY Silver Bay Realty Trust Corp.
Common Stock, par value $0.01 per share 		P - Purchase 20,000 75,260 36.19 13.92 278,498 1,047,988
2016-02-16 2016-02-12 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 5,000 1,397,915 0.36 7.15 35,735 9,990,899
2016-01-28 2016-01-27 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		A - Award 327,421 1,392,915 30.73 7.33 2,399,996 10,210,067
2015-11-12 2015-11-11 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,000 1,063,603 0.28 8.39 25,170 8,923,629
2015-08-12 2015-08-11 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,000 1,059,108 0.28 9.67 29,010 10,241,574
2015-06-05 2015-05-21 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		G - Gift -47,000 1,050,274 -4.28
2015-05-22 2015-05-21 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		P - Purchase 3,000 1,097,274 0.27 10.69 32,070 11,729,859
2015-05-18 2015-05-14 4 TWO TWO HARBORS INVESTMENT CORP.
Common stock, par value $0.01 per share 		A - Award 227,920 1,094,274 26.31 10.53 2,399,998 11,522,705
2015-03-02 2015-02-27 4 SBY Silver Bay Realty Trust Corp.
Common Stock, par value $0.01 per share 		P - Purchase 10,000 55,260 22.09 15.75 157,498 870,334
2015-02-17 2015-02-13 4 TWO TWO HARBORS INVESTMENT CORP.
Common Stock 		P - Purchase 5,000 859,833 0.58 10.30 51,500 8,856,280
2014-08-22 2014-08-20 4 SBY Silver Bay Realty Trust Corp.
Common Stock, par value $0.01 per share 		P - Purchase 4,208 45,260 10.25 16.31 68,622 738,073
2014-08-22 2014-08-20 4 SBY Silver Bay Realty Trust Corp.
Common Stock, par value $0.01 per share 		S - Sale -4,208 45,260 -8.51 16.28 -68,516 736,937
2014-08-21 2014-08-20 4 TWO TWO HARBORS INVESTMENT CORP.
Common Stock 		P - Purchase 20,000 846,111 2.42 10.48 209,600 8,867,243
2014-08-21 2014-08-20 4 TWO TWO HARBORS INVESTMENT CORP.
Common Stock 		S - Sale -20,000 826,111 -2.36 10.47 -209,400 8,649,382
2014-06-03 2014-06-02 4 TWO TWO HARBORS INVESTMENT CORP.
Common Stock 		S - Sale X -20,000 835,341 -2.34 10.45 -209,000 8,729,313
2014-02-07 2014-02-05 4 TWO TWO HARBORS INVESTMENT CORP.
Common Stock 		A - Award 263,023 850,761 44.75
2013-05-31 2013-05-29 4 TWO Two Harbors Investment Corp.
Common stock, par value $0.01 per share 		A - Award 260,370 572,943 83.30 11.23 2,923,955 6,434,150
2013-03-08 2013-03-06 4 SBY Silver Bay Realty Trust Corp.
Common stock, par value $0.01 per share 		P - Purchase 5,000 30,000 20.00 19.38 96,900 581,400
2013-02-21 2013-02-19 4 TWO Two Harbors Investment Corp.
Common stock, par value $0.01 per share 		P - Purchase 8,200 312,573 2.69 12.57 103,074 3,929,043
2013-02-20 2013-02-19 4 TWO Two Harbors Investment Corp.
Common stock, par value $0.01 per share 		P - Purchase 16,800 304,373 5.84 12.60 211,680 3,835,100
2012-12-21 2012-12-19 4 SBY Silver Bay Realty Trust Corp.
Common stock, par value $0.01 per share 		P - Purchase 25,000 25,000 18.50 462,500 462,500
2012-12-14 3 SBY Silver Bay Realty Trust Corp.
Common stock, par value $0.01 per share 		0
2012-05-18 2012-05-17 4 TWO Two Harbors Investment Corp.
Common Stock, par value $0.01 per share 		P - Purchase 10,000 271,012 3.83 10.12 101,200 2,742,641
2012-02-15 2012-02-14 4 TWO Two Harbors Investment Corp.
Common Stock, par value $0.01 per share 		P - Purchase 50,000 255,666 24.31 9.90 495,000 2,531,093
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)