GraniteShares Advisors LLC Acquires Shares of 209,310 Two Harbors Investment Corp. (NYSE:TWO)

GraniteShares Advisors LLC acquired a new stake in Two Harbors Investment Corp. (NYSE:TWO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 209,310 shares of the real estate investment trust’s stock, valued at approximately $2,476,000. Two Harbors Investment comprises approximately 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in shares of Two Harbors Investment in the third quarter valued at $64,000. KBC Group NV grew its stake in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 3,077 shares in the last quarter. Simplify Asset Management Inc. acquired a new position in shares of Two Harbors Investment in the third quarter valued at about $134,000. QRG Capital Management Inc. grew its stake in shares of Two Harbors Investment by 11.3% in the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Beck Capital Management LLC bought a new stake in Two Harbors Investment during the third quarter worth about $194,000. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TWO has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Compass Point cut 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 report on Monday, November 25th. JMP Securities reissued a “market outperform” rating and issued a $14.00 target price on shares of Two Harbors Investment in a report on Thursday, January 23rd. Royal Bank of Canada increased their target price on shares of Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, StockNews.com raised 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 assigned a buy rating to the company. According to data from MarketBeat.com, Two Harbors Investment has a consensus rating of “Moderate Buy” and an average price target of $13.96.

Two Harbors Investment Stock Up 0.8 %

TWO stock opened at $13.92 on Wednesday. The firm has a 50-day moving average price of $12.28 and a 200-day moving average price of $12.62. The stock has a market capitalization of $1.45 billion, a P/E ratio of 6.59 and a beta of 1.84. Two Harbors Investment Corp. has a 12 month low of $10.84 and a 12 month high of $14.27. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Friday, January 3rd were issued a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 12.94%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Insider Activity at Two Harbors Investment

In other Two Harbors Investment news, CIO Nicholas Letica sold 3,956 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total transaction of $44,346.76. Following the completion of the sale, the executive now owns 180,712 shares of the company’s stock, valued at approximately $2,025,781.52. This represents a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $1,902,566.88. This represents a 1.71 % 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 in the last quarter. 0.61% of the stock is owned by insiders.

Two Harbors Investment 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.