Phocas Financial Corp. Has $450,000 Position in Two Harbors Investment Corp. (NYSE:TWO)

Phocas Financial Corp. lowered its stake in Two Harbors Investment Corp. (NYSE:TWO) by 85.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,009 shares of the real estate investment trust’s stock after selling 214,546 shares during the period. Phocas Financial Corp.’s holdings in Two Harbors Investment were worth $450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TWO. Geode Capital Management LLC grew its holdings in Two Harbors Investment by 2.0% during 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 during the period. Barclays PLC grew its holdings in Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after acquiring an additional 133,869 shares during the period. International Assets Investment Management LLC grew its holdings in Two Harbors Investment by 1,392.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 180,516 shares during the period. Verition Fund Management LLC acquired a new stake in Two Harbors Investment during the 3rd quarter worth $217,000. Finally, Van ECK Associates Corp grew its holdings in Two Harbors Investment by 20.2% during the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust’s stock worth $10,564,000 after acquiring an additional 149,870 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Trading Up 0.4 %

TWO opened at $13.97 on Thursday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 6.62 and a beta of 1.84. Two Harbors Investment Corp. has a 12 month low of $10.84 and a 12 month high of $14.27. The firm’s fifty day simple moving average is $12.33 and its 200 day simple moving average is $12.63. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.84.

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

Two Harbors Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 12.88%. Two Harbors Investment’s payout ratio is currently 85.31%.

Insider Buying and Selling at Two Harbors Investment

In other Two Harbors Investment news, insider Rebecca B. Sandberg sold 5,025 shares of Two Harbors Investment stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $11.21, for a total value of $56,330.25. Following the sale, the insider now directly owns 156,163 shares in the company, valued at approximately $1,750,587.23. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Nicholas Letica sold 3,956 shares of Two Harbors Investment stock in a transaction 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 completion of the sale, the executive now owns 180,712 shares in the company, 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. In the last three months, insiders have sold 33,136 shares of company stock worth $377,154. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $14.00 price target on shares of Two Harbors Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com raised shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada lifted their price target 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. Finally, Compass Point reduced their price target on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.96.

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.