GraniteShares Advisors LLC Buys New Stake in Two Harbors Investment Corp. (NYSE:TWO)

GraniteShares Advisors LLC acquired a new stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 209,310 shares of the real estate investment trust's stock, valued at approximately $2,476,000. Two Harbors Investment accounts for about 1.6% of GraniteShares Advisors LLC's investment portfolio, making the stock its 17th largest holding. GraniteShares Advisors LLC owned about 0.20% of Two Harbors Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in Two Harbors Investment in the third quarter valued at about $64,000. KBC Group NV lifted its position in shares of Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 3,077 shares during the period. Simplify Asset Management Inc. acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $134,000. QRG Capital Management Inc. lifted its position in shares of Two Harbors Investment by 11.3% during 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 acquiring an additional 1,230 shares during the period. Finally, Beck Capital Management LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $194,000. Institutional investors and hedge funds own 64.19% of the company's stock.

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Insiders Place Their Bets

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the sale, the insider now directly owns 146,803 shares of the company's stock, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the sale, the executive now directly owns 174,672 shares of the company's stock, valued at $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,136 shares of company stock valued at $377,154. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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

Two Harbors Investment Price Performance

Shares of TWO traded up $0.20 during mid-day trading on Friday, reaching $14.19. 1,140,339 shares of the company's stock were exchanged, compared to its average volume of 1,247,654. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $12.65. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 6.73 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 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%. On average, sell-side analysts predict that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 12.68%. Two Harbors Investment's payout ratio is currently 85.31%.

Two Harbors Investment Profile

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.