Murphy & Mullick Capital Management Corp Purchases New Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Murphy & Mullick Capital Management Corp acquired a new position in Two Harbors Investment Corp. (NYSE:TWO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,375 shares of the real estate investment trust’s stock, valued at approximately $40,000.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in Two Harbors Investment in the third quarter worth $64,000. KBC Group NV lifted its holdings 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 acquiring an additional 3,077 shares during the period. Motiv8 Investments LLC acquired a new stake in shares of Two Harbors Investment during the 4th quarter valued at about $130,000. Simplify Asset Management Inc. increased its stake in 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 acquiring an additional 1,000 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Two Harbors Investment in the fourth quarter worth about $172,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JMP Securities restated 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. 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 note on Thursday, February 13th. JPMorgan Chase & Co. increased their price target on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Moderate Buy” and an average target price of $13.96.

Insider Transactions at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 5,025 shares of the stock in a transaction 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 transaction, the insider now owns 156,163 shares of the company’s stock, valued at $1,750,587.23. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction on Wednesday, January 8th. The stock was 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 trade represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock worth $377,154 in the last quarter. 0.61% of the stock is owned by company insiders.

Two Harbors Investment Stock Performance

Shares of Two Harbors Investment stock opened at $13.47 on Friday. The firm has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $12.64. Two Harbors Investment Corp. has a fifty-two week low of $10.84 and a fifty-two week high of $14.28. 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 firm has a market cap of $1.40 billion, a P/E ratio of 6.39 and a beta of 1.86.

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 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%. Sell-side analysts predict that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.36%. The ex-dividend date of this dividend is Friday, April 4th. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Two Harbors Investment Company 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.