Wolverine Asset Management LLC Grows Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

Wolverine Asset Management LLC grew its holdings in Two Harbors Investment Corp. (NYSE:TWO) by 29.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,397 shares of the real estate investment trust’s stock after purchasing an additional 157,276 shares during the quarter. Wolverine Asset Management LLC owned about 0.67% of Two Harbors Investment worth $8,215,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Phocas Financial Corp. purchased a new position in Two Harbors Investment in the 3rd quarter worth approximately $3,505,000. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after buying an additional 48,264 shares during the period. Barclays PLC raised its position in shares of Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 133,869 shares during the period. International Assets Investment Management LLC raised its position in shares of Two Harbors Investment by 1,392.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after buying an additional 180,516 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of Two Harbors Investment during the 3rd quarter valued at approximately $217,000. 64.19% of the stock is owned by hedge funds and other institutional investors.

Two Harbors Investment Stock Up 1.0 %

Shares of NYSE TWO opened at $13.69 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 6.49 and a beta of 1.84. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.84. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.27. The business’s 50 day moving average is $12.12 and its two-hundred day moving average is $12.61.

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

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 13.15%. Two Harbors Investment’s dividend payout ratio (DPR) is 85.31%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada lifted their price target on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. JMP Securities reissued a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a research report on Thursday, January 23rd. Finally, Compass Point cut their target price on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.96.

Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $12.96, for a total transaction of $33,190.56. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at approximately $1,902,566.88. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CIO Nicholas Letica sold 3,956 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $11.21, for a total transaction of $44,346.76. Following the transaction, the executive now owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,136 shares of company stock worth $377,154 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

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.