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. lifted its holdings in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 0.73% of Two Harbors Investments worth $10,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Two Harbors Investments during the 4th quarter valued at $172,000. Northern Trust Corp raised its stake in shares of Two Harbors Investments by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock valued at $13,978,000 after buying an additional 65,194 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Two Harbors Investments in the 4th quarter worth approximately $239,000. Algert Global LLC lifted its holdings 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 valued at $769,000 after acquiring an additional 9,373 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings 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 buying an additional 164,452 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Royal Bank Of Canada lowered their price target on 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. Maxim Group decreased their price target on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. UBS Group decreased their price target on shares of Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Two Harbors Investments presently has a consensus rating of "Hold" and a consensus price target of $12.43.

Insiders Place Their Bets

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

Two Harbors Investments Price Performance

Shares of TWO stock traded down $0.05 during trading on Friday, hitting $10.36. The company had a trading volume of 2,076,951 shares, compared to its average volume of 1,857,873. The stock's 50-day moving average is $10.13 and its two-hundred day moving average is $11.35. Two Harbors Investments Corp has a 52 week low of $9.49 and a 52 week high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.91 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results 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. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. The business had revenue of ($18.12) million during the quarter, compared to analyst estimates of ($23.29) million. As a group, analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be given a $0.34 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.36 annualized dividend and a yield of 13.1%. Two Harbors Investments's dividend payout ratio (DPR) is currently -43.82%.

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.