Two Harbors Investment Corp. (NYSE:TWO) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. trimmed its stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,009 shares of the real estate investment trust's stock after selling 214,546 shares during the period. Phocas Financial Corp.'s holdings in Two Harbors Investment were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other news, CIO Nicholas Letica sold 6,040 shares of Two Harbors Investment stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the sale, the executive now directly owns 174,672 shares of the company's stock, valued at approximately $1,944,099.36. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rebecca B. Sandberg sold 2,561 shares of Two Harbors Investment stock in a transaction 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 $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is currently owned by corporate insiders.

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Two Harbors Investment Trading Up 1.4 %

TWO stock traded up $0.20 during midday trading on Friday, hitting $14.19. 1,140,339 shares of the company's stock were exchanged, compared to its average volume of 1,247,654. The business has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $12.64. 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 stock has a market capitalization of $1.48 billion, a PE ratio of 6.73 and a beta of 1.84. Two Harbors Investment Corp. has a 1-year low of $10.84 and a 1-year high of $14.27.

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%. 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 disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 12.68%. Two Harbors Investment's payout ratio is presently 85.31%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Two Harbors Investment from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. JMP Securities restated a "market outperform" rating and issued a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Compass Point decreased their target price on Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating on the stock in a research report on Monday, November 25th. StockNews.com upgraded Two Harbors Investment from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada raised their target price on 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Two Harbors Investment currently has an average rating of "Moderate Buy" and an average target price of $13.96.

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.