Two Sigma Securities LLC Takes Position in Two Harbors Investment Corp. (NYSE:TWO)

Two Sigma Securities LLC acquired a new stake in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,115 shares of the real estate investment trust's stock, valued at approximately $250,000.

A number of other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC boosted 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. Murphy & Mullick Capital Management Corp purchased a new position in shares of Two Harbors Investment during the fourth quarter valued at approximately $40,000. McIlrath & Eck LLC bought a new position in shares of Two Harbors Investment during the third quarter valued at approximately $64,000. KBC Group NV raised its holdings in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after buying an additional 3,077 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in Two Harbors Investment during the 4th quarter valued at $130,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Two Harbors Investment from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday. UBS Group upped their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price target 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. JMP Securities reduced their price objective on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Finally, Royal Bank of Canada upped their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.29.

Two Harbors Investment Stock Up 0.8 %

TWO stock traded up $0.10 during trading on Friday, reaching $11.87. 1,079,199 shares of the company traded hands, compared to its average volume of 1,205,570. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.63 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The business has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $12.29. Two Harbors Investment Corp. has a 12 month low of $10.16 and a 12 month high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of ($28.53) million. On average, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors 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 15.16%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's dividend payout ratio (DPR) is presently -352.94%.

Insider Buying and Selling

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the sale, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.