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

Stevens Capital Management LP purchased a new position in shares of Two Harbors Investment Corp. (NYSE:TWO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,999 shares of the real estate investment trust’s stock, valued at approximately $334,000.

Several other hedge funds also recently modified their holdings of TWO. Graham Capital Management L.P. boosted its position in shares of Two Harbors Investment by 107.1% in 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 lifted its position in 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 valued at $10,207,000 after buying an additional 350,060 shares in the last quarter. International Assets Investment Management LLC lifted its position in 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 valued at $2,450,000 after buying an additional 162,409 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Two Harbors Investment by 8.4% during the third 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 in the last quarter. Finally, Algert Global LLC lifted its position in Two Harbors Investment by 151.8% during the third quarter. Algert Global LLC now owns 107,978 shares of the real estate investment trust’s stock valued at $1,430,000 after buying an additional 65,100 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.

Two Harbors Investment Stock Performance

Two Harbors Investment stock traded up $0.17 during mid-day trading on Friday, reaching $12.53. The company’s stock had a trading volume of 694,422 shares, compared to its average volume of 1,199,569. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -6.27 and a beta of 1.87. The business has a 50 day moving average price of $12.64 and a 200-day moving average price of $12.94. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 14.37%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment’s dividend payout ratio is presently -90.00%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $12.30, for a total transaction of $29,028.00. Following the completion of the transaction, the insider now owns 117,399 shares of the company’s stock, valued at $1,444,007.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Two Harbors Investment news, CEO William Ross Greenberg sold 7,170 shares of the business’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 $88,191.00. Following the sale, the chief executive officer now directly owns 264,079 shares in the company, valued at $3,248,171.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rebecca B. Sandberg sold 2,360 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $29,028.00. Following the completion of the sale, the insider now owns 117,399 shares in the company, valued at $1,444,007.70. 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. 0.61% of the stock is owned by company insiders.

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.