Triumph Capital Management Purchases 896 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Triumph Capital Management boosted its stake in Two Harbors Investment Corp. (NYSE:TWO) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,795 shares of the real estate investment trust’s stock after acquiring an additional 896 shares during the period. Triumph Capital Management’s holdings in Two Harbors Investment were worth $304,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Two Harbors Investment by 32.7% in the fourth quarter. Victory Capital Management Inc. now owns 25,266 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 6,230 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Two Harbors Investment by 1.8% in the fourth quarter. Van ECK Associates Corp now owns 526,536 shares of the real estate investment trust’s stock valued at $7,335,000 after acquiring an additional 9,383 shares during the last quarter. Golden State Equity Partners boosted its holdings in Two Harbors Investment by 2.3% in the fourth quarter. Golden State Equity Partners now owns 78,190 shares of the real estate investment trust’s stock valued at $1,089,000 after acquiring an additional 1,766 shares during the last quarter. Stevens Capital Management LP bought a new stake in Two Harbors Investment in the fourth quarter valued at approximately $334,000. Finally, Yousif Capital Management LLC boosted its holdings in Two Harbors Investment by 22.7% in the fourth quarter. Yousif Capital Management LLC now owns 58,506 shares of the real estate investment trust’s stock valued at $815,000 after acquiring an additional 10,842 shares during the last quarter. 64.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have 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. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a research note on Thursday, April 18th. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. Jonestrading assumed coverage on Two Harbors Investment in a research note on Friday, March 22nd. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.50.

Two Harbors Investment Trading Up 0.8 %

NYSE TWO opened at $12.73 on Thursday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 7.15 and a beta of 1.85. The business has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $12.95. Two Harbors Investment Corp. has a 12 month low of $9.83 and a 12 month high of $14.59. The company has a current ratio of 1.44, a quick ratio of 1.48 and a debt-to-equity ratio of 0.99.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were paid a $0.45 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 14.14%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 101.12%.

Insider Buying and Selling at Two Harbors Investment

In other news, CEO William Ross Greenberg sold 7,170 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares in the company, valued at approximately $3,248,171.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Two Harbors Investment news, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares in the company, valued at approximately $3,248,171.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the sale, the chief financial officer now directly owns 83,605 shares in the company, valued at approximately $1,028,341.50. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock worth $169,150 in the last quarter. 0.61% of the stock is currently owned by company insiders.

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.