Stevens Capital Management LP Makes New $334,000 Investment in Two Harbors Investment Corp. (NYSE:TWO)

Stevens Capital Management LP purchased a new position in Two Harbors Investment Corp. (NYSE:TWO) during the 4th quarter, Holdings Channel.com reports. The firm purchased 23,999 shares of the real estate investment trust’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWO. Allspring Global Investments Holdings LLC lifted its holdings in shares of Two Harbors Investment by 1.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,150,572 shares of the real estate investment trust’s stock valued at $71,747,000 after buying an additional 56,470 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Two Harbors Investment by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,227,050 shares of the real estate investment trust’s stock valued at $29,486,000 after buying an additional 26,801 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Two Harbors Investment by 2.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,321,220 shares of the real estate investment trust’s stock valued at $17,492,000 after buying an additional 31,065 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Two Harbors Investment by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,236,922 shares of the real estate investment trust’s stock valued at $16,377,000 after buying an additional 96,057 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Two Harbors Investment by 83.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 770,911 shares of the real estate investment trust’s stock valued at $10,207,000 after buying an additional 350,060 shares during the period. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TWO. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of Two Harbors Investment in a report on Thursday, April 18th. TheStreet lowered Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. Jonestrading began coverage on Two Harbors Investment in a research note on Friday, March 22nd. They issued a “hold” rating for the company. StockNews.com lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Two Harbors Investment from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.50.

Insiders Place Their Bets

In other Two Harbors Investment news, CFO Mary Kathryn Riskey sold 2,150 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $12.30, for a total value of $26,445.00. Following the completion of the sale, the chief financial officer now owns 83,605 shares of the company’s stock, valued at $1,028,341.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO William Ross Greenberg sold 7,170 shares of the business’s 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 $88,191.00. Following the completion of the transaction, the chief executive officer now owns 264,079 shares of the company’s stock, valued at $3,248,171.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mary Kathryn Riskey sold 2,150 shares of the business’s 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 $26,445.00. Following the completion of the transaction, the chief financial officer now directly owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The disclosure for this sale can be found here. Insiders sold a total of 13,752 shares of company stock valued at $169,150 over the last 90 days. Insiders own 0.61% of the company’s stock.

Two Harbors Investment Trading Up 1.4 %

TWO traded up $0.17 on Friday, hitting $12.53. The company had a trading volume of 694,422 shares, compared to its average volume of 1,199,569. The company has a market cap of $1.30 billion, a PE ratio of -6.27 and a beta of 1.87. Two Harbors Investment Corp. has a 12-month low of $9.83 and a 12-month high of $14.59. 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 business’s fifty day simple moving average is $12.64 and its 200 day simple moving average is $12.94.

Two Harbors Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.37%. 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.