AXS Investments LLC Lowers Stock Holdings in Two Harbors Investment Corp. (NYSE:TWO)

AXS Investments LLC lowered its holdings in shares of Two Harbors Investment Corp. (NYSE:TWO) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,431 shares of the real estate investment trust’s stock after selling 30,270 shares during the quarter. AXS Investments LLC owned approximately 0.17% of Two Harbors Investment worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Great Lakes Advisors LLC purchased a new position in shares of Two Harbors Investment in the fourth quarter valued at approximately $9,413,000. Norges Bank acquired a new stake in Two Harbors Investment during the fourth quarter worth $8,829,000. Graham Capital Management L.P. increased its stake in Two Harbors Investment by 107.1% during the third quarter. Graham Capital Management L.P. now owns 26,617 shares of the real estate investment trust’s stock worth $352,000 after acquiring an additional 400,117 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Two Harbors Investment by 83.2% during the third quarter. Wolverine Asset Management LLC now owns 770,911 shares of the real estate investment trust’s stock worth $10,207,000 after buying an additional 350,060 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Two Harbors Investment by 1,208.2% during the fourth quarter. International Assets Investment Management LLC now owns 175,851 shares of the real estate investment trust’s stock worth $2,450,000 after buying an additional 162,409 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Trading Down 2.3 %

TWO traded down $0.29 during trading on Thursday, hitting $12.32. The company’s stock had a trading volume of 819,104 shares, compared to its average volume of 1,169,815. The firm’s 50 day moving average price is $12.66 and its 200-day moving average price is $13.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $1.27 billion, a PE ratio of 7.08 and a beta of 1.85. Two Harbors Investment Corp. has a twelve month low of $9.83 and a twelve month high of $14.59.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.61%. Two Harbors Investment’s payout ratio is 101.12%.

Insider Transactions at Two Harbors Investment

In related news, Director Stephen G. Kasnet sold 12,790 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.02, for a total value of $166,525.80. Following the completion of the sale, the director now directly owns 97,569 shares in the company, valued at approximately $1,270,348.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Stephen G. Kasnet sold 12,790 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.02, for a total transaction of $166,525.80. Following the transaction, the director now owns 97,569 shares of the company’s stock, valued at $1,270,348.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Ross Greenberg sold 8,170 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $12.68, for a total transaction of $103,595.60. Following the transaction, the chief executive officer now directly owns 255,909 shares in the company, valued at approximately $3,244,926.12. The disclosure for this sale can be found here. Insiders sold a total of 29,335 shares of company stock worth $376,316 in the last ninety days. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jonestrading assumed coverage on Two Harbors Investment in a report on Friday, March 22nd. They issued a “hold” rating for the company. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Two Harbors Investment in a research report on Thursday, April 18th. TheStreet cut Two Harbors Investment from a “c-” rating to a “d” rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. cut their target price on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.57.

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.