Two Harbors Investment Corp. (NYSE:TWO) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 526,536 shares of the real estate investment trust’s stock after acquiring an additional 9,383 shares during the period. Van ECK Associates Corp’s holdings in Two Harbors Investment were worth $7,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TWO. AE Wealth Management LLC grew its stake in shares of Two Harbors Investment by 7.0% during the 3rd quarter. AE Wealth Management LLC now owns 17,020 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 1,113 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Two Harbors Investment during the 3rd quarter worth approximately $256,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Two Harbors Investment by 30.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,611 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 4,837 shares during the period. Teamwork Financial Advisors LLC grew its stake in shares of Two Harbors Investment by 7.0% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,034 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Two Harbors Investment by 5.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 36,564 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 1,872 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Rebecca B. Sandberg sold 2,360 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $29,028.00. Following the transaction, the insider now owns 117,399 shares in the company, valued at approximately $1,444,007.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Ross Greenberg sold 7,170 shares of Two Harbors Investment stock in a transaction on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $88,191.00. Following the transaction, the chief executive officer now owns 264,079 shares in the company, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,752 shares of company stock worth $169,150. Corporate insiders own 0.61% of the company’s stock.

Two Harbors Investment Trading Up 1.7 %

Shares of TWO stock opened at $13.10 on Friday. The stock’s fifty day moving average is $12.63 and its two-hundred day moving average is $12.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.48 and a current ratio of 1.09. The firm has a market capitalization of $1.36 billion, a P/E ratio of 7.36 and a beta of 1.85. Two Harbors Investment Corp. has a fifty-two week low of $9.83 and a fifty-two week high of $14.59.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were issued 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 13.74%. Two Harbors Investment’s payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price objective 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 report on Tuesday, January 30th. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Finally, Jonestrading assumed coverage on Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.57.

Two Harbors Investment 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.