Advisors Asset Management Inc. Sells 4,622 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Advisors Asset Management Inc. trimmed its position in Two Harbors Investment Corp. (NYSE:TWO) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 583,814 shares of the real estate investment trust’s stock after selling 4,622 shares during the period. Advisors Asset Management Inc. owned approximately 0.56% of Two Harbors Investment worth $6,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TWO. Amundi raised its position in Two Harbors Investment by 4.5% in the 4th quarter. Amundi now owns 745,202 shares of the real estate investment trust’s stock valued at $8,406,000 after buying an additional 31,834 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Two Harbors Investment in the fourth quarter worth $172,000. Charles Schwab Investment Management Inc. boosted its holdings in Two Harbors Investment by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,458 shares of the real estate investment trust’s stock worth $18,247,000 after purchasing an additional 57,915 shares during the last quarter. Motiv8 Investments LLC bought a new position in Two Harbors Investment in the fourth quarter valued at $130,000. Finally, GraniteShares Advisors LLC acquired a new stake in Two Harbors Investment in the 4th quarter valued at $2,476,000. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $13.84 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.44 billion, a P/E ratio of 6.56 and a beta of 1.86. Two Harbors Investment Corp. has a 12 month low of $10.84 and a 12 month high of $14.28. The stock has a 50 day moving average of $12.91 and a 200-day moving average of $12.63.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. As a group, equities research analysts predict that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Insider Buying and Selling

In related news, CIO Nicholas Letica sold 3,956 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the transaction, the executive now directly owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. This trade represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca B. Sandberg sold 5,025 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $56,330.25. Following the completion of the sale, the insider now directly owns 156,163 shares of the company’s stock, valued at $1,750,587.23. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,136 shares of company stock valued at $377,154. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TWO. Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JMP Securities reissued a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Two Harbors Investment presently has an average rating of “Moderate Buy” and a consensus target price of $13.96.

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.