Global Retirement Partners LLC Sells 39,001 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Global Retirement Partners LLC reduced its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 86.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,884 shares of the real estate investment trust's stock after selling 39,001 shares during the quarter. Global Retirement Partners LLC's holdings in Two Harbors Investment were worth $70,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment in the 3rd quarter worth approximately $64,000. KBC Group NV lifted its holdings in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 3,077 shares during the period. Simplify Asset Management Inc. purchased a new position in Two Harbors Investment in the third quarter worth $134,000. QRG Capital Management Inc. grew its stake in Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust's stock valued at $168,000 after purchasing an additional 1,230 shares during the period. Finally, Beck Capital Management LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter valued at $194,000. 64.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Compass Point decreased their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a research note on Monday, November 25th. StockNews.com raised shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Two Harbors Investment has an average rating of "Moderate Buy" and an average target price of $13.96.

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Two Harbors Investment Stock Performance

Shares of TWO stock traded down $0.04 during trading on Tuesday, reaching $13.94. 835,007 shares of the company's stock traded hands, compared to its average volume of 1,056,931. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.28. The company has a market capitalization of $1.45 billion, a P/E ratio of 6.61 and a beta of 1.84. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The firm's 50-day moving average is $12.47 and its 200 day moving average is $12.64.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities research analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.92%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment's payout ratio is presently 85.31%.

Insider Activity

In other news, CIO Nicholas Letica sold 3,956 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now directly owns 180,712 shares in the company, valued at $2,025,781.52. The trade was a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rebecca B. Sandberg sold 2,561 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock worth $377,154 over the last ninety days. Company insiders own 0.61% of the company's stock.

About Two Harbors Investment

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, including non-agency securities and non-hedging transactions.