Talon Private Wealth LLC Purchases New Stake in Two Harbors Investment Corp. (NYSE:TWO)

Talon Private Wealth LLC acquired a new stake in Two Harbors Investment Corp. (NYSE:TWO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,839 shares of the real estate investment trust's stock, valued at approximately $294,000.

Several other large investors have also modified their holdings of TWO. Sterling Capital Management LLC raised its holdings in Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Two Harbors Investment during the 4th quarter worth approximately $40,000. McIlrath & Eck LLC purchased a new position in shares of Two Harbors Investment during the 3rd quarter worth approximately $64,000. KBC Group NV lifted its holdings in shares of Two Harbors Investment by 86.5% in the 4th 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 during the period. Finally, Motiv8 Investments LLC purchased a new stake in shares of Two Harbors Investment in the fourth quarter valued at approximately $130,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TWO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada boosted their price target on 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. Keefe, Bruyette & Woods raised their price objective on Two Harbors Investment from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. JMP Securities decreased their price objective on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group raised their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $13.29.

Two Harbors Investment Trading Down 2.1 %

Shares of NYSE TWO traded down $0.25 during midday trading on Tuesday, reaching $11.62. 423,702 shares of the stock were exchanged, compared to its average volume of 1,201,916. The stock has a 50 day moving average price of $12.53 and a 200-day moving average price of $12.27. 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 company has a market capitalization of $1.21 billion, a P/E ratio of 5.54 and a beta of 1.36. Two Harbors Investment Corp. has a 52-week low of $10.16 and a 52-week high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. The business had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Equities research analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 15.50%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's payout ratio is -352.94%.

Insider Activity

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the sale, the insider now directly owns 146,803 shares in the company, valued at $1,902,566.88. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company's stock.

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.