Louisiana State Employees Retirement System Makes New Investment in Two Harbors Investment Corp. (NYSE:TWO)

Louisiana State Employees Retirement System acquired a new position in Two Harbors Investment Corp. (NYSE:TWO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,100 shares of the real estate investment trust’s stock, valued at approximately $670,000.

Several other institutional investors have also added to or reduced their stakes in TWO. FNY Investment Advisers LLC bought a new position in shares of Two Harbors Investment in the 4th quarter worth about $40,000. PNC Financial Services Group Inc. increased its stake in shares of Two Harbors Investment by 38.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,652 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Two Harbors Investment in the 3rd quarter worth about $136,000. Oak Thistle LLC bought a new position in shares of Two Harbors Investment in the 4th quarter worth about $148,000. Finally, Teamwork Financial Advisors LLC increased its stake in shares of Two Harbors Investment by 7.0% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 1,034 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the transaction, the chief financial officer now owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the transaction, the chief financial officer now owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William Ross Greenberg sold 7,170 shares of the firm’s stock in a transaction that occurred 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 directly owns 264,079 shares in the company, valued at approximately $3,248,171.70. The disclosure for this sale can be found here. Insiders have sold a total of 13,752 shares of company stock valued at $169,150 in the last 90 days. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TWO. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of 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. Jonestrading began coverage on shares of Two Harbors Investment in a research report on Friday, March 22nd. They set a “hold” rating on the stock. TheStreet downgraded shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $15.00 price objective on shares of Two Harbors Investment in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.50.

Two Harbors Investment Stock Performance

Shares of NYSE TWO opened at $12.53 on Monday. The firm’s 50-day moving average price is $12.63 and its 200-day moving average price is $12.95. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.30 billion, a PE ratio of -6.27 and a beta of 1.87. Two Harbors Investment Corp. has a 52-week low of $9.83 and a 52-week high of $14.59.

Two Harbors Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.37%. The ex-dividend date is Wednesday, April 3rd. Two Harbors Investment’s payout ratio is presently -90.00%.

About Two Harbors Investment

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.