Commonwealth Equity Services LLC Reduces Stake in Two Harbors Investment Corp. (NYSE:TWO)

Commonwealth Equity Services LLC trimmed its stake in Two Harbors Investment Corp. (NYSE:TWO – Get Rating) by 46.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,673 shares of the real estate investment trust’s stock after selling 34,228 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Two Harbors Investment were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust purchased a new position in Two Harbors Investment in the fourth quarter valued at about $75,000. Counterpoint Mutual Funds LLC purchased a new position in Two Harbors Investment in the fourth quarter valued at about $102,000. Guardian Wealth Advisors LLC purchased a new position in Two Harbors Investment in the third quarter valued at about $30,000. Sequoia Financial Advisors LLC bought a new stake in shares of Two Harbors Investment in the first quarter valued at approximately $58,000. Finally, Boenning & Scattergood Inc. bought a new stake in shares of Two Harbors Investment in the fourth quarter valued at approximately $59,000.

Insiders Place Their Bets

In other Two Harbors Investment news, General Counsel Rebecca B. Sandberg sold 4,175 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $12.33, for a total value of $51,477.75. Following the completion of the transaction, the general counsel now owns 93,691 shares of the company’s stock, valued at approximately $1,155,210.03. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, General Counsel Rebecca B. Sandberg sold 4,175 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $12.33, for a total value of $51,477.75. Following the completion of the sale, the general counsel now owns 93,691 shares of the company’s stock, valued at approximately $1,155,210.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mary Kathryn Riskey sold 3,755 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $12.33, for a total transaction of $46,299.15. Following the completion of the sale, the chief financial officer now directly owns 64,391 shares of the company’s stock, valued at approximately $793,941.03. The disclosure for this sale can be found here. Insiders sold a total of 23,534 shares of company stock valued at $289,831 in the last quarter. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Maxim Group raised shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, February 10th. Citigroup boosted their price target on shares of Two Harbors Investment from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. JMP Securities lowered their price target on shares of Two Harbors Investment from $18.00 to $14.50 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Keefe, Bruyette & Woods boosted their price target on shares of Two Harbors Investment from $17.25 to $17.50 and gave the company a “market perform” rating in a research report on Wednesday, February 15th. Finally, Barclays decreased their target price on shares of Two Harbors Investment from $16.00 to $14.00 in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.38.

Two Harbors Investment Stock Performance

Two Harbors Investment stock opened at $11.77 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.98. Two Harbors Investment Corp. has a 1-year low of $11.57 and a 1-year high of $21.84. The firm has a market capitalization of $1.14 billion, a PE ratio of -3.56 and a beta of 1.75. The firm’s 50 day simple moving average is $13.26 and its 200 day simple moving average is $15.35.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Tuesday, April 4th were paid a $0.60 dividend. The ex-dividend date was Monday, April 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 20.39%. Two Harbors Investment’s dividend payout ratio is presently -72.51%.

Two Harbors Investment Company Profile

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Two Harbors Investment Corp. is a real estate investment trust, which invests in, finances, and manages agency residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Its objective is to provide risk-adjusted returns to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.