Zullo Investment Group Inc. Trims Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Zullo Investment Group Inc. lowered its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,511 shares of the real estate investment trust’s stock after selling 1,232 shares during the period. Zullo Investment Group Inc.’s holdings in Two Harbors Investment were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Phocas Financial Corp. purchased a new position in Two Harbors Investment during the third quarter valued at approximately $3,505,000. International Assets Investment Management LLC lifted its stake in Two Harbors Investment by 1,392.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 180,516 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Two Harbors Investment by 20.2% in the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock valued at $10,564,000 after purchasing an additional 149,870 shares during the period. Barclays PLC grew its position in shares of Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 133,869 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after purchasing an additional 102,294 shares during the period. 64.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Compass Point decreased their price objective 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. Royal Bank of Canada lifted 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 report on Thursday, February 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.96.

Two Harbors Investment Stock Up 0.3 %

Shares of TWO opened at $13.56 on Thursday. 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 current ratio of 1.09 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $12.61. The firm has a market cap of $1.41 billion, a P/E ratio of 6.42 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data 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 net margin of 66.24% and a return on equity of 6.52%. On average, analysts forecast 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 Wednesday, January 29th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.28%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total value of $56,330.25. Following the completion of the sale, the insider now owns 156,163 shares in the company, valued at approximately $1,750,587.23. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $11.13, for a total transaction of $67,225.20. Following the completion of the transaction, the executive now owns 174,672 shares in the company, valued at $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock worth $377,154 in the last ninety days. 0.61% of the stock is owned by company 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.