SG Americas Securities LLC Lowers Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

SG Americas Securities LLC lowered its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,751 shares of the real estate investment trust’s stock after selling 17,322 shares during the quarter. SG Americas Securities LLC’s holdings in Two Harbors Investment were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,100 shares in the last quarter. McIlrath & Eck LLC purchased a new position in Two Harbors Investment during the 3rd quarter valued at $64,000. Simplify Asset Management Inc. purchased a new position in shares of Two Harbors Investment during the third quarter worth approximately $134,000. AQR Capital Management LLC purchased a new stake in Two Harbors Investment in the second quarter worth about $147,000. Finally, QRG Capital Management Inc. raised its position in shares of Two Harbors Investment by 11.3% in the 3rd quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,230 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Insiders Place Their Bets

In other Two Harbors Investment news, CIO Nicholas Letica sold 5,737 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total transaction of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares of the company’s stock, valued at $1,905,586.80. The trade was a 3.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rebecca B. Sandberg sold 3,785 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.14, for a total transaction of $42,164.90. Following the completion of the sale, the insider now owns 152,378 shares in the company, valued at $1,697,490.92. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,754 shares of company stock worth $333,307. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TWO shares. JMP Securities reissued a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Compass Point dropped 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 report on Monday, November 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.

Two Harbors Investment Stock Up 0.7 %

Shares of NYSE TWO opened at $12.94 on Friday. The firm has a market cap of $1.34 billion, a P/E ratio of 6.13 and a beta of 1.84. Two Harbors Investment Corp. has a 1 year low of $10.84 and a 1 year high of $14.27. 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 firm’s 50 day moving average price is $11.84 and its 200 day moving average price is $12.63.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, sell-side analysts anticipate that Two Harbors Investment Corp. will post 0.82 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.92%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

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.