LPL Financial LLC Acquires 43,253 Shares of Two Harbors Investments Corp $TWO

LPL Financial LLC boosted its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 36.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,247 shares of the real estate investment trust’s stock after acquiring an additional 43,253 shares during the period. LPL Financial LLC owned 0.16% of Two Harbors Investments worth $2,154,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TWO. Wells Fargo & Company MN lifted its holdings in shares of Two Harbors Investments by 30.1% during the fourth quarter. Wells Fargo & Company MN now owns 90,129 shares of the real estate investment trust’s stock valued at $1,066,000 after purchasing an additional 20,853 shares during the last quarter. Legal & General Group Plc increased its position in Two Harbors Investments by 1.3% during the 4th quarter. Legal & General Group Plc now owns 284,444 shares of the real estate investment trust’s stock valued at $3,365,000 after buying an additional 3,734 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Two Harbors Investments during the fourth quarter valued at $172,000. Sterling Capital Management LLC boosted its holdings in Two Harbors Investments by 818.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,963 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Two Harbors Investments by 5.8% in the fourth quarter. Barclays PLC now owns 182,501 shares of the real estate investment trust’s stock worth $2,159,000 after acquiring an additional 9,944 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Maxim Group lowered their price target on Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, July 29th. UBS Group reduced their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Wall Street Zen cut shares of Two Harbors Investments from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods increased their price target on shares of Two Harbors Investments from $12.95 to $13.25 and gave the company a “market perform” rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating for the company in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.57.

Insider Activity

In related news, CIO Nicholas Letica sold 8,654 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total value of $86,713.08. Following the transaction, the executive owned 160,281 shares of the company’s stock, valued at approximately $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Two Harbors Investments Price Performance

NYSE TWO opened at $10.0650 on Wednesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.83 and a beta of 1.25. Two Harbors Investments Corp has a 1-year low of $9.67 and a 1-year high of $14.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07. The business’s fifty day moving average price is $10.32 and its 200-day moving average price is $11.64.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%.The company had revenue of ($18.12) million during the quarter, compared to analyst estimates of ($23.29) million. On average, equities analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Thursday, July 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 15.5%. The ex-dividend date was Thursday, July 3rd. Two Harbors Investments’s dividend payout ratio is -43.82%.

Two Harbors Investments 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.