Two Harbors Investments Corp $TWO Shares Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Two Harbors Investments Corp by 29.2%, acquiring an additional 170,586 shares, bringing its total ownership to approximately 754,400 shares valued at $10.08 million.
• Company-insider Nicholas Letica sold 8,654 shares at an average price of $10.02, reducing his position in the company by 5.12%.
• Two Harbors Investments announced a quarterly dividend of $0.34, with a dividend yield of 13.5%, despite a payout ratio of -43.82%.

Advisors Asset Management Inc. boosted its position in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 754,400 shares of the real estate investment trust's stock after purchasing an additional 170,586 shares during the period. Advisors Asset Management Inc. owned approximately 0.73% of Two Harbors Investments worth $10,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Two Harbors Investments during the fourth quarter worth approximately $172,000. Northern Trust Corp increased its position in shares of Two Harbors Investments by 5.8% during the fourth quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock worth $13,978,000 after acquiring an additional 65,194 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Two Harbors Investments during the fourth quarter worth approximately $239,000. Algert Global LLC increased its position in shares of Two Harbors Investments by 16.9% during the fourth quarter. Algert Global LLC now owns 64,963 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 9,373 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Two Harbors Investments by 13.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust's stock worth $16,227,000 after acquiring an additional 164,452 shares during the period. Institutional investors own 64.19% of the company's stock.

Insiders Place Their Bets

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total value of $86,713.08. Following the completion of the sale, the executive directly owned 160,281 shares in the company, valued at $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Two Harbors Investments Stock Down 0.1%

TWO stock traded down $0.02 during trading on Tuesday, hitting $10.27. 471,036 shares of the company's stock traded hands, compared to its average volume of 1,710,447. The firm has a market capitalization of $1.07 billion, a P/E ratio of -2.88 and a beta of 1.28. The business has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $11.31. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. Two Harbors Investments Corp has a 1 year low of $9.49 and a 1 year high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. Sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 3rd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.2%. The ex-dividend date is Friday, October 3rd. Two Harbors Investments's dividend payout ratio (DPR) is -38.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TWO shares. Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Royal Bank Of Canada reduced their target price on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 28th. JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. UBS Group reduced their target price on shares of Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, September 3rd. Finally, Maxim Group cut their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Two Harbors Investments presently has an average rating of "Hold" and an average target price of $12.43.

Two Harbors Investments Company 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.