Two Harbors Investments Corp $TWO Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Two Harbors Investments Corp by 36.7%, acquiring an additional 43,253 shares, bringing their total holdings to 161,247 shares valued at approximately $2.15 million.
• Several institutional investors have also made significant acquisitions in Two Harbors Investments during the fourth quarter, with holdings boosted by firms like Wells Fargo and Sterling Capital Management.
• Analysts have lowered their price targets for Two Harbors Investments, with a consensus rating of "Hold" and an average target price of $12.57, while the stock currently trades around $10.0650.

LPL Financial LLC grew its stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) by 36.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,247 shares of the real estate investment trust's stock after purchasing an additional 43,253 shares during the quarter. LPL Financial LLC owned approximately 0.16% of Two Harbors Investments worth $2,154,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CWM LLC lifted its stake in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 890 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Two Harbors Investments by 818.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 2,963 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 1,193 shares in the last quarter. Wolverine Trading LLC boosted its stake in Two Harbors Investments by 866.3% during the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 9,443 shares during the last quarter. Finally, Motiv8 Investments LLC grew its holdings in shares of Two Harbors Investments by 10.9% during the first quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust's stock worth $162,000 after buying an additional 1,194 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company's stock.

Insider Buying and Selling at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the transaction, the executive directly owned 160,281 shares in the company, valued at approximately $1,606,015.62. This represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Two Harbors Investments Trading Up 2.7%

Shares of Two Harbors Investments stock traded up $0.2550 during mid-day trading on Friday, hitting $9.8250. The stock had a trading volume of 3,675,229 shares, compared to its average volume of 2,246,537. The firm has a 50-day moving average of $10.25 and a two-hundred day moving average of $11.57. The firm has a market cap of $1.02 billion, a P/E ratio of -2.76 and a beta of 1.25. 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 12-month low of $9.49 and a 12-month high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 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 firm had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Sell-side analysts forecast that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, October 3rd. Two Harbors Investments's dividend payout ratio is -43.82%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TWO. Keefe, Bruyette & Woods raised their price target on shares of Two Harbors Investments from $12.95 to $13.25 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Maxim Group cut their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, July 29th. Wall Street Zen cut Two Harbors Investments from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. UBS Group dropped their price target on Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.57.

About Two Harbors Investments

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.