Two Harbors Investment Corp (TWO) Position Lowered by Sigma Planning Corp

Sigma Planning Corp lessened its position in shares of Two Harbors Investment Corp (NYSE:TWO) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,715 shares of the real estate investment trust’s stock after selling 6,456 shares during the quarter. Sigma Planning Corp’s holdings in Two Harbors Investment were worth $253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Advisors LLC bought a new position in shares of Two Harbors Investment during the 4th quarter worth approximately $51,000. Meeder Asset Management Inc. bought a new position in shares of Two Harbors Investment during the 4th quarter worth approximately $60,000. Nisa Investment Advisors LLC raised its stake in shares of Two Harbors Investment by 135.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,700 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 2,700 shares in the last quarter. GW Henssler & Associates Ltd. bought a new position in shares of Two Harbors Investment during the 3rd quarter worth approximately $168,000. Finally, Laurion Capital Management LP bought a new position in shares of Two Harbors Investment during the 3rd quarter worth approximately $179,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research lowered shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. TheStreet lowered shares of Two Harbors Investment from a “c” rating to a “d+” rating in a research note on Thursday, February 7th. Credit Suisse Group restated a “hold” rating and set a $14.00 price target on shares of Two Harbors Investment in a research note on Thursday, February 7th. Finally, Barclays set a $16.00 price target on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Two Harbors Investment has an average rating of “Hold” and a consensus target price of $15.63.

In other news, insider William Roth sold 58,040 shares of the stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $14.46, for a total value of $839,258.40. Following the sale, the insider now owns 730,122 shares in the company, valued at $10,557,564.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brad Farrell sold 29,095 shares of the stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $14.48, for a total transaction of $421,295.60. Following the completion of the sale, the chief financial officer now owns 265,087 shares in the company, valued at approximately $3,838,459.76. The disclosure for this sale can be found here. Insiders sold 132,572 shares of company stock worth $1,916,447 in the last quarter. Company insiders own 1.41% of the company’s stock.

Shares of Two Harbors Investment stock opened at $14.01 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Two Harbors Investment Corp has a 12-month low of $12.63 and a 12-month high of $16.27. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 7.11 and a beta of 0.56.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings results on Wednesday, February 6th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $89.65 million for the quarter, compared to analyst estimates of $106.46 million. Two Harbors Investment had a negative net margin of 4.12% and a positive return on equity of 13.78%. Two Harbors Investment’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. Research analysts forecast that Two Harbors Investment Corp will post 1.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Monday, December 31st were paid a $0.47 dividend. The ex-dividend date was Friday, December 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.42%. Two Harbors Investment’s payout ratio is currently 95.43%.

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About Two Harbors Investment

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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