International Assets Investment Management LLC Sells 180,833 Shares of Two Harbors Investment Corp. (NYSE:TWO)

International Assets Investment Management LLC cut its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 93.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,645 shares of the real estate investment trust’s stock after selling 180,833 shares during the quarter. International Assets Investment Management LLC’s holdings in Two Harbors Investment were worth $152,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TWO. Rhumbline Advisers lifted its holdings in shares of Two Harbors Investment by 1.1% in the second quarter. Rhumbline Advisers now owns 310,806 shares of the real estate investment trust’s stock worth $4,106,000 after buying an additional 3,408 shares in the last quarter. Arizona State Retirement System lifted its stake in Two Harbors Investment by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 28,954 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 2,519 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Two Harbors Investment during the 2nd quarter valued at about $192,000. Intech Investment Management LLC purchased a new position in shares of Two Harbors Investment during the second quarter valued at about $180,000. Finally, Sei Investments Co. increased its holdings in shares of Two Harbors Investment by 21.0% in the second quarter. Sei Investments Co. now owns 117,451 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 20,403 shares during the last quarter. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investment Price Performance

Two Harbors Investment stock opened at $11.34 on Wednesday. Two Harbors Investment Corp. has a 12-month low of $10.84 and a 12-month high of $14.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $11.69 and a 200-day moving average price of $12.76. The firm has a market capitalization of $1.18 billion, a PE ratio of -2.35 and a beta of 1.83.

Two Harbors Investment (NYSE:TWO) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. The business had revenue of $112.64 million for the quarter. During the same period in the previous year, the business earned ($0.01) EPS. As a group, equities research analysts forecast that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 15.87%. Two Harbors Investment’s payout ratio is -37.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TWO shares. Compass Point dropped their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JMP Securities cut their target price on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. StockNews.com raised shares of Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Royal Bank of Canada dropped their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.71.

Insider Transactions at Two Harbors Investment

In other Two Harbors Investment news, 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 transaction, the insider now directly owns 152,378 shares in the company, valued at $1,697,490.92. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CIO Nicholas Letica sold 6,040 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the sale, the executive now owns 174,672 shares of the company’s stock, valued at $1,944,099.36. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,973 shares of company stock worth $223,149. 0.61% of the stock is currently owned by insiders.

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.