Two Harbors Investment Corp. (NYSE:TWO) Shares Purchased by Howard Financial Services LTD.

Howard Financial Services LTD. increased its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.3% during the first quarter, Holdings Channel.com reports. The fund owned 39,657 shares of the real estate investment trust’s stock after acquiring an additional 903 shares during the quarter. Howard Financial Services LTD.’s holdings in Two Harbors Investment were worth $525,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TWO. FNY Investment Advisers LLC purchased a new position in Two Harbors Investment in the 4th quarter worth about $40,000. Cape Investment Advisory Inc. purchased a new position in Two Harbors Investment in the 4th quarter worth about $58,000. Montag A & Associates Inc. increased its stake in Two Harbors Investment by 238.4% in the 4th quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 3,691 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Two Harbors Investment by 38.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Two Harbors Investment in the 3rd quarter worth about $136,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWO has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a research report on Friday, June 7th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. UBS Group upgraded Two Harbors Investment from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. Finally, Jonestrading initiated coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Two Harbors Investment has a consensus rating of “Hold” and a consensus price target of $14.57.

Two Harbors Investment Stock Up 0.6 %

Shares of Two Harbors Investment stock traded up $0.08 during trading on Friday, hitting $13.21. 1,508,320 shares of the stock traded hands, compared to its average volume of 1,126,742. The company has a fifty day moving average price of $12.84 and a two-hundred day moving average price of $13.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.09 and a current ratio of 1.09. Two Harbors Investment Corp. has a twelve month low of $9.83 and a twelve month high of $14.59. The stock has a market cap of $1.37 billion, a P/E ratio of 7.38 and a beta of 1.85.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, July 5th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.63%. The ex-dividend date of this dividend is Friday, July 5th. Two Harbors Investment’s payout ratio is 101.12%.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, CEO William Ross Greenberg sold 8,170 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $12.68, for a total value of $103,595.60. Following the transaction, the chief executive officer now directly owns 255,909 shares of the company’s stock, valued at approximately $3,244,926.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Stephen G. Kasnet sold 12,790 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.02, for a total transaction of $166,525.80. Following the sale, the director now directly owns 97,569 shares in the company, valued at $1,270,348.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Ross Greenberg sold 8,170 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total value of $103,595.60. Following the sale, the chief executive officer now owns 255,909 shares in the company, valued at $3,244,926.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,335 shares of company stock valued at $376,316. Corporate insiders own 0.61% of the company’s stock.

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.