Guggenheim Capital LLC Decreases Stake in Two Harbors Investment Corp. (NYSE:TWO)

Guggenheim Capital LLC cut its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,317 shares of the real estate investment trust’s stock after selling 3,754 shares during the quarter. Guggenheim Capital LLC owned about 0.10% of Two Harbors Investment worth $1,258,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Simplify Asset Management Inc. grew its holdings in shares of Two Harbors Investment by 10.0% in the 4th quarter. Simplify Asset Management Inc. now owns 11,000 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 1,000 shares during the period. Sei Investments Co. lifted its stake in shares of Two Harbors Investment by 1.3% during the 4th quarter. Sei Investments Co. now owns 139,995 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 1,770 shares during the period. Sterling Capital Management LLC lifted its position in Two Harbors Investment by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,963 shares during the period. KBC Group NV boosted its position in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Two Harbors Investment during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Stock Down 1.0 %

Shares of NYSE:TWO opened at $10.86 on Tuesday. The company’s fifty day moving average is $12.91 and its two-hundred day moving average is $12.35. 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 1-year low of $10.16 and a 1-year high of $14.28. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.15 and a beta of 1.36.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). Two Harbors Investment had a return on equity of 6.52% and a net margin of 66.24%. Equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 16.57%. Two Harbors Investment’s payout ratio is currently 85.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investment from $12.50 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada boosted their price target on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. JMP Securities lowered their price objective on Two Harbors Investment from $14.00 to $13.50 and set a “market outperform” rating for the company in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their target price on Two Harbors Investment from $13.50 to $12.95 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Two Harbors Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.46.

Insiders Place Their Bets

In related news, insider Rebecca B. Sandberg sold 2,561 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $12.96, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.