TrueMark Investments LLC Boosts Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

TrueMark Investments LLC increased its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) by 92.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,605 shares of the real estate investment trust's stock after purchasing an additional 26,267 shares during the quarter. TrueMark Investments LLC owned 0.05% of Two Harbors Investment worth $646,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Two Harbors Investment in the 4th quarter valued at approximately $40,000. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment during the third quarter worth $64,000. KBC Group NV grew its stake in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 3,077 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Two Harbors Investment in the 4th quarter valued at $130,000. Finally, Simplify Asset Management Inc. lifted its stake in Two Harbors Investment by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust's stock worth $130,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Wall Street Analysts Forecast Growth

TWO has been the subject of several research reports. JPMorgan Chase & Co. lifted 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. StockNews.com upgraded shares of Two Harbors Investment from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. JMP Securities reiterated a "market outperform" rating and set a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Finally, 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 research note on Thursday, February 13th. Three equities research 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, the company currently has an average rating of "Moderate Buy" and an average price target of $13.96.

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Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 3,785 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the transaction, the insider now owns 152,378 shares in the company, valued at $1,697,490.92. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were 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 owns 174,672 shares of the company's stock, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is owned by corporate insiders.

Two Harbors Investment Stock Down 1.9 %

Shares of Two Harbors Investment stock traded down $0.26 during trading on Friday, hitting $13.22. 1,387,683 shares of the stock were exchanged, compared to its average volume of 1,120,126. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 6.26 and a beta of 1.86. The firm's 50-day moving average price is $13.25 and its 200 day moving average price is $12.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts forecast that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 13.62%. 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.