Two Harbors Investment Corp. (NYSE:TWO) Shares Purchased by TrueMark Investments LLC

TrueMark Investments LLC grew its stake in Two Harbors Investment Corp. (NYSE:TWO) by 92.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,605 shares of the real estate investment trust’s stock after buying an additional 26,267 shares during the period. TrueMark Investments LLC’s holdings in Two Harbors Investment were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Two Harbors Investment during the fourth quarter worth approximately $40,000. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter worth $64,000. KBC Group NV grew its stake in shares of Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 3,077 shares during the period. Motiv8 Investments LLC purchased a new position in shares of Two Harbors Investment in the 4th quarter valued at about $130,000. Finally, Simplify Asset Management Inc. lifted its stake in shares of Two Harbors Investment by 10.0% in the fourth quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,000 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $1,902,566.88. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Nicholas Letica sold 6,040 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.13, for a total transaction of $67,225.20. Following the transaction, the executive now directly owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,136 shares of company stock valued at $377,154. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price objective on shares of Two Harbors Investment in a research note on Thursday, January 23rd. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada raised their price target on 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Two Harbors Investment has an average rating of “Moderate Buy” and a consensus target price of $13.96.

Two Harbors Investment Stock Down 0.9 %

Shares of NYSE:TWO opened at $13.61 on Wednesday. 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 company has a market capitalization of $1.42 billion, a P/E ratio of 6.45 and a beta of 1.86. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.28. The stock’s fifty day simple moving average is $13.16 and its 200-day simple moving average is $12.62.

Two Harbors Investment (NYSE:TWO) last released its 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 net margin of 66.24% and a return on equity of 6.52%. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 13.23%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 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.