Advisors Asset Management Inc. Has $6.91 Million Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in shares of Two Harbors Investment in the 3rd quarter valued at approximately $64,000. KBC Group NV raised its position in Two Harbors Investment by 86.5% during the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 3,077 shares in the last quarter. Motiv8 Investments LLC acquired a new position in Two Harbors Investment during the fourth quarter valued at approximately $130,000. Beck Capital Management LLC bought a new stake in Two Harbors Investment during the third quarter worth $194,000. Finally, Raymond James Financial Inc. bought a new position in shares of Two Harbors Investment in the 4th quarter valued at $172,000. Institutional investors own 64.19% of the company’s stock.

Insider Buying and Selling

In other Two Harbors Investment news, CIO Nicholas Letica sold 5,737 shares of Two Harbors Investment stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the sale, the executive now directly owns 168,935 shares in the company, valued at approximately $1,905,586.80. The trade was a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Rebecca B. Sandberg sold 3,785 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.14, for a total transaction of $42,164.90. Following the transaction, the insider now owns 152,378 shares in the company, valued at $1,697,490.92. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock valued at $377,154 over the last ninety days. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TWO. Royal Bank of Canada upped their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Compass Point reduced their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.96.

Two Harbors Investment Trading Down 0.2 %

Shares of NYSE TWO opened at $13.84 on Wednesday. The firm has a 50 day moving average price of $12.91 and a two-hundred day moving average price of $12.63. The stock has a market cap of $1.44 billion, a P/E ratio of 6.56 and a beta of 1.86. Two Harbors Investment Corp. has a 52-week low of $10.84 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09.

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 the consensus estimate 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 analysts forecast that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

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.