Zullo Investment Group Inc. Trims Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Zullo Investment Group Inc. trimmed its stake in Two Harbors Investment Corp. (NYSE:TWO) by 5.9% in the 4th quarter, HoldingsChannel reports. The firm owned 19,511 shares of the real estate investment trust’s stock after selling 1,232 shares during the quarter. Zullo Investment Group Inc.’s holdings in Two Harbors Investment were worth $231,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in Two Harbors Investment by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust’s stock worth $64,158,000 after buying an additional 69,725 shares during the period. State Street Corp raised its position in shares of Two Harbors Investment by 2.7% in the 3rd quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after acquiring an additional 102,294 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after acquiring an additional 48,264 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Two Harbors Investment by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after purchasing an additional 33,852 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Two Harbors Investment by 20.2% during the fourth quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock valued at $10,564,000 after purchasing an additional 149,870 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TWO. Compass Point decreased their price objective on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a report on Monday, November 25th. Royal Bank of Canada upped 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 research report on Thursday, February 13th. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. 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 report on Friday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Two Harbors Investment has a consensus rating of “Moderate Buy” and an average price target of $13.96.

Insider Transactions at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction dated 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 owns 146,803 shares of the company’s stock, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CIO Nicholas Letica sold 3,956 shares of the business’s 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 transaction, the executive now directly owns 180,712 shares of the company’s stock, valued at $2,025,781.52. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,136 shares of company stock worth $377,154 over the last quarter. 0.61% of the stock is currently owned by insiders.

Two Harbors Investment Stock Performance

Shares of TWO stock opened at $13.56 on Thursday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 6.42 and a beta of 1.84. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a one year low of $10.84 and a one year high of $14.27. The company’s 50-day moving average is $12.12 and its 200 day moving average is $12.61.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.20 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%. Sell-side analysts expect that Two Harbors Investment Corp. will post 0.81 EPS for the current fiscal year.

Two Harbors Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.28%. The ex-dividend date was Friday, January 3rd. Two Harbors Investment’s payout ratio is 85.31%.

Two Harbors Investment Company 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.