Zullo Investment Group Inc. Sells 1,396 Shares of Two Harbors Investments Corp $TWO

Zullo Investment Group Inc. lessened its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,143 shares of the real estate investment trust’s stock after selling 1,396 shares during the quarter. Zullo Investment Group Inc.’s holdings in Two Harbors Investments were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC boosted its position in shares of Two Harbors Investments by 68.4% during the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 890 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of Two Harbors Investments by 29.2% during the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 1,193 shares in the last quarter. Motiv8 Investments LLC boosted its position in shares of Two Harbors Investments by 10.9% during the 1st quarter. Motiv8 Investments LLC now owns 12,142 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 1,194 shares in the last quarter. Triumph Capital Management boosted its position in shares of Two Harbors Investments by 6.0% during the 2nd quarter. Triumph Capital Management now owns 26,725 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Golden State Equity Partners lifted its position in Two Harbors Investments by 2.0% in the 2nd quarter. Golden State Equity Partners now owns 84,941 shares of the real estate investment trust’s stock valued at $915,000 after acquiring an additional 1,665 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Trading Down 0.6%

Shares of TWO stock opened at $9.70 on Friday. The company has a 50 day moving average of $9.95 and a 200-day moving average of $10.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. Two Harbors Investments Corp has a 12-month low of $9.49 and a 12-month high of $14.28. The firm has a market cap of $1.01 billion, a P/E ratio of -2.72 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. The company had revenue of ($18.67) million during the quarter. Sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Two Harbors Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.36 annualized dividend and a dividend yield of 14.0%. Two Harbors Investments’s dividend payout ratio (DPR) is presently -38.20%.

Insider Activity

In other 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 transaction of $86,713.08. Following the completion of the sale, the executive owned 160,281 shares in the company, valued at $1,606,015.62. This trade represents a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on TWO. Maxim Group dropped their price target on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Citizens Jmp reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. UBS Group dropped their price target on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.43.

About Two Harbors Investments

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.