Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 93.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,645 shares of the real estate investment trust's stock after selling 180,833 shares during the quarter. International Assets Investment Management LLC's holdings in Two Harbors Investment were worth $152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TWO. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Two Harbors Investment by 1,680.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 2,100 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment during the third quarter worth about $64,000. Simplify Asset Management Inc. purchased a new position in shares of Two Harbors Investment in the third quarter valued at approximately $134,000. AQR Capital Management LLC acquired a new position in shares of Two Harbors Investment in the second quarter valued at approximately $147,000. Finally, QRG Capital Management Inc. lifted its holdings in 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 worth $168,000 after buying an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investment Stock Up 1.9 %

NYSE:TWO traded up $0.22 during midday trading on Wednesday, hitting $11.56. 124,842 shares of the company were exchanged, compared to its average volume of 1,271,491. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.27. The company has a market capitalization of $1.20 billion, a PE ratio of -2.40 and a beta of 1.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $11.69 and a 200 day simple moving average of $12.76.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The firm had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same quarter in the prior year, the business earned ($0.01) EPS. As a group, equities analysts anticipate that Two Harbors Investment Corp. will post 0.47 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.57%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment's dividend payout ratio is currently -37.34%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Compass Point dropped 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. Royal Bank of Canada decreased their price objective on Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. JMP Securities lowered their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price objective on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com raised Two Harbors Investment to a "sell" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.71.

Insiders Place Their Bets

In other news, CIO Nicholas Letica sold 3,956 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the sale, the executive now owns 180,712 shares in the company, valued at $2,025,781.52. This represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca B. Sandberg sold 5,025 shares of Two Harbors Investment stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the transaction, the insider now owns 156,163 shares in the company, valued at approximately $1,750,587.23. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,973 shares of company stock valued at $223,149. 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.