Talon Private Wealth LLC Takes $294,000 Position in Two Harbors Investment Corp. (NYSE:TWO)

Talon Private Wealth LLC bought a new stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,839 shares of the real estate investment trust's stock, valued at approximately $294,000.

A number of other large investors have also modified their holdings of TWO. Simplify Asset Management Inc. grew its holdings in Two Harbors Investment by 10.0% during the fourth 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 during the period. Sei Investments Co. boosted its position in Two Harbors Investment by 1.3% in the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust's stock worth $1,656,000 after purchasing an additional 1,770 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Two Harbors Investment by 4.0% during the 4th quarter. MetLife Investment Management LLC now owns 62,030 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 2,384 shares during the period. Sterling Capital Management LLC grew its stake in shares of Two Harbors Investment by 818.5% during the 4th 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 during the period. Finally, KBC Group NV lifted its stake 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 purchasing an additional 3,077 shares during the period. Hedge funds and other institutional investors own 64.19% of the company's stock.

Insider Transactions at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $12.96, for a total value of $33,190.56. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.

Two Harbors Investment Price Performance

TWO stock traded up $0.10 during trading on Friday, hitting $11.87. The stock had a trading volume of 1,079,199 shares, compared to its average volume of 1,205,307. The company's 50-day moving average price is $12.58 and its two-hundred day moving average price is $12.28. Two Harbors Investment Corp. has a twelve month low of $10.16 and a twelve month high of $14.28. The stock has a market capitalization of $1.23 billion, a P/E ratio of 5.63 and a beta of 1.36. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. The firm had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. As a group, research analysts predict that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.16%. The ex-dividend date of this dividend was Friday, April 4th. Two Harbors Investment's dividend payout ratio (DPR) is -352.94%.

Analyst Ratings Changes

TWO has been the topic of several analyst reports. UBS Group raised their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday. JMP Securities dropped their target price on 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. Keefe, Bruyette & Woods upped their price target on Two Harbors Investment from $12.95 to $13.25 and gave the stock a "market perform" rating in a report on Wednesday. StockNews.com lowered Two Harbors Investment from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.29.

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.