Yousif Capital Management LLC Reduces Position in Two Harbors Investment Corp. (NYSE:TWO)

Yousif Capital Management LLC cut its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,301 shares of the real estate investment trust’s stock after selling 944 shares during the quarter. Yousif Capital Management LLC’s holdings in Two Harbors Investment were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its holdings in shares of Two Harbors Investment by 11.3% in the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,230 shares in the last quarter. KBC Group NV lifted 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Two Harbors Investment by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after buying an additional 3,391 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment in the third quarter worth about $64,000. Finally, Simplify Asset Management Inc. purchased a new stake in shares of Two Harbors Investment in the third quarter worth about $134,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 3,956 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the transaction, the executive now owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rebecca B. Sandberg sold 3,785 shares of Two Harbors Investment stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $11.14, for a total value of $42,164.90. Following the completion of the transaction, the insider now directly owns 152,378 shares of the company’s stock, valued at approximately $1,697,490.92. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TWO shares. Compass Point lowered their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada raised their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.96.

Two Harbors Investment Stock Up 1.0 %

Shares of Two Harbors Investment stock opened at $13.53 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 6.41 and a beta of 1.84. The company’s 50 day moving average price is $12.03 and its 200-day moving average price is $12.60.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities research analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.31%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is currently 85.31%.

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.