Global Retirement Partners LLC Sells 39,001 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Global Retirement Partners LLC decreased its position in Two Harbors Investment Corp. (NYSE:TWO) by 86.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,884 shares of the real estate investment trust’s stock after selling 39,001 shares during the quarter. Global Retirement Partners LLC’s holdings in Two Harbors Investment were worth $70,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in shares of Two Harbors Investment in the 3rd quarter worth $64,000. KBC Group NV grew its position in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 3,077 shares during the period. Simplify Asset Management Inc. bought a new position in Two Harbors Investment during the third quarter valued at about $134,000. QRG Capital Management Inc. grew its position in Two Harbors Investment by 11.3% during the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 1,230 shares during the period. Finally, Beck Capital Management LLC bought a new position in Two Harbors Investment during the third quarter valued at about $194,000. Institutional investors own 64.19% of the company’s stock.

Insider Transactions at Two Harbors Investment

In other news, CIO Nicholas Letica sold 3,956 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $44,346.76. Following the sale, the executive now directly owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. This 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 the SEC website. Also, insider Rebecca B. Sandberg sold 3,785 shares of the stock in a transaction dated 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 directly owns 152,378 shares in the company, valued at approximately $1,697,490.92. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,136 shares of company stock valued at $377,154. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TWO has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of 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. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Compass Point reduced their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price objective on shares of Two Harbors Investment in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment presently has an average rating of “Moderate Buy” and an average price target of $13.96.

Two Harbors Investment Price Performance

NYSE TWO opened at $14.19 on Friday. The company has a market cap of $1.48 billion, a PE ratio of 6.73 and a beta of 1.84. Two Harbors Investment Corp. has a 52 week low of $10.84 and a 52 week high of $14.27. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $12.42 and its two-hundred day simple moving average is $12.65.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share (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%. Research analysts predict that Two Harbors Investment Corp. will post 0.81 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.68%. The ex-dividend date of this dividend was Friday, January 3rd. Two Harbors Investment’s payout ratio is 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.