International Assets Investment Management LLC Acquires 162,409 Shares of Two Harbors Investment Corp. (NYSE:TWO)

International Assets Investment Management LLC grew its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 1,208.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,851 shares of the real estate investment trust’s stock after buying an additional 162,409 shares during the period. International Assets Investment Management LLC owned 0.18% of Two Harbors Investment worth $2,450,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Two Harbors Investment by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 38,631,309 shares of the real estate investment trust’s stock valued at $128,256,000 after buying an additional 641,168 shares in the last quarter. BlackRock Inc. boosted its stake in Two Harbors Investment by 10.8% in the 1st quarter. BlackRock Inc. now owns 16,693,244 shares of the real estate investment trust’s stock worth $245,558,000 after purchasing an additional 1,624,206 shares in the last quarter. State Street Corp boosted its stake in Two Harbors Investment by 2.6% in the 2nd quarter. State Street Corp now owns 13,064,956 shares of the real estate investment trust’s stock worth $65,063,000 after purchasing an additional 332,585 shares in the last quarter. Invesco Ltd. boosted its stake in Two Harbors Investment by 20.7% in the 1st quarter. Invesco Ltd. now owns 4,846,112 shares of the real estate investment trust’s stock worth $26,799,000 after purchasing an additional 830,513 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Two Harbors Investment by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,136,632 shares of the real estate investment trust’s stock worth $22,876,000 after purchasing an additional 38,698 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TWO. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Jonestrading began coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They issued a “hold” rating on the stock. TheStreet cut shares of Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price target on shares of Two Harbors Investment in a research note on Thursday. Finally, StockNews.com cut shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.50.

Insider Activity

In other news, CEO William Ross Greenberg sold 7,170 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $88,191.00. Following the completion of the sale, the chief executive officer now owns 264,079 shares of the company’s stock, valued at approximately $3,248,171.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Rebecca B. Sandberg sold 2,360 shares of the 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 $29,028.00. Following the completion of the sale, the insider now directly owns 117,399 shares of the company’s stock, valued at approximately $1,444,007.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Ross Greenberg sold 7,170 shares of the 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 sale, the chief executive officer now directly owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The disclosure for this sale can be found here. Insiders sold 13,752 shares of company stock valued at $169,150 in the last quarter. 0.61% of the stock is currently owned by insiders.

Two Harbors Investment Price Performance

NYSE TWO opened at $12.13 on Friday. Two Harbors Investment Corp. has a 52 week low of $9.83 and a 52 week high of $14.59. The firm has a market capitalization of $1.26 billion, a P/E ratio of -6.07 and a beta of 1.87. 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 50-day moving average price of $12.66 and a 200-day moving average price of $12.93.

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 14.84%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment’s payout ratio is currently -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.