Howard Financial Services LTD. Raises Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Howard Financial Services LTD. boosted its stake in shares of Two Harbors Investment Corp. (NYSE:TWO) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,657 shares of the real estate investment trust’s stock after purchasing an additional 903 shares during the period. Howard Financial Services LTD.’s holdings in Two Harbors Investment were worth $525,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Two Harbors Investment during the 4th quarter worth approximately $40,000. Cape Investment Advisory Inc. purchased a new stake in shares of Two Harbors Investment in the 4th quarter valued at $58,000. Montag A & Associates Inc. boosted its holdings in shares of Two Harbors Investment by 238.4% in the 4th quarter. Montag A & Associates Inc. now owns 5,239 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 3,691 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Two Harbors Investment by 38.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in shares of Two Harbors Investment in the 3rd quarter valued at $136,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

TWO has been the subject of several analyst reports. Jonestrading initiated coverage on shares of Two Harbors Investment in a research note on Friday, March 22nd. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of 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. StockNews.com upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research note on Friday, June 7th. Finally, UBS Group upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.50 to $14.50 in a research report on Friday, June 7th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.57.

Insider Buying and Selling

In other news, Director Stephen G. Kasnet sold 12,790 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.02, for a total transaction of $166,525.80. Following the completion of the sale, the director now owns 97,569 shares in the company, valued at approximately $1,270,348.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Mary Kathryn Riskey sold 3,870 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.68, for a total transaction of $49,071.60. Following the completion of the sale, the chief financial officer now owns 79,735 shares in the company, valued at approximately $1,011,039.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen G. Kasnet sold 12,790 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.02, for a total transaction of $166,525.80. Following the sale, the director now owns 97,569 shares of the company’s stock, valued at approximately $1,270,348.38. The disclosure for this sale can be found here. Insiders sold 29,335 shares of company stock worth $376,316 over the last 90 days. 0.61% of the stock is owned by insiders.

Two Harbors Investment Stock Up 0.6 %

Shares of TWO stock traded up $0.08 during trading on Friday, reaching $13.21. The company’s stock had a trading volume of 1,508,320 shares, compared to its average volume of 1,126,742. 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 company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 7.38 and a beta of 1.85. The stock’s 50-day moving average price is $12.84 and its 200 day moving average price is $13.01. Two Harbors Investment Corp. has a 1-year low of $9.83 and a 1-year high of $14.59.

Two Harbors Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, July 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.80 dividend on an annualized basis and a yield of 13.63%. Two Harbors Investment’s dividend payout ratio is currently 101.12%.

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.