PVG Asset Management Corp reduced its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,124 shares of the real estate investment trust’s stock after selling 67,360 shares during the quarter. PVG Asset Management Corp’s holdings in Two Harbors Investment were worth $864,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TWO. The Manufacturers Life Insurance Company raised its stake in Two Harbors Investment by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 718 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Two Harbors Investment by 7.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 146,620 shares of the real estate investment trust’s stock valued at $1,478,000 after purchasing an additional 9,983 shares during the last quarter. Prudential Financial Inc. raised its stake in Two Harbors Investment by 1.0% during the 3rd quarter. Prudential Financial Inc. now owns 901,575 shares of the real estate investment trust’s stock valued at $9,088,000 after purchasing an additional 8,500 shares during the last quarter. Sei Investments Co. raised its stake in Two Harbors Investment by 10.2% during the 3rd quarter. Sei Investments Co. now owns 105,444 shares of the real estate investment trust’s stock valued at $1,062,000 after purchasing an additional 9,803 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Two Harbors Investment by 3.6% during the 3rd quarter. New York State Common Retirement Fund now owns 888,287 shares of the real estate investment trust’s stock valued at $8,954,000 after purchasing an additional 31,000 shares during the last quarter. Hedge funds and other institutional investors own 68.27% of the company’s stock.

Shares of Two Harbors Investment stock traded up $0.11 during mid-day trading on Monday, hitting $15.75. 2,781,265 shares of the stock were exchanged, compared to its average volume of 2,131,220. Two Harbors Investment Corp has a 52 week low of $13.85 and a 52 week high of $17.29. The firm has a market cap of $2,763.16, a PE ratio of 8.75 and a beta of 0.35. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.60%. The company had revenue of $100.31 million during the quarter, compared to analysts’ expectations of $112.40 million. During the same quarter in the prior year, the company posted $0.24 EPS. research analysts forecast that Two Harbors Investment Corp will post 1.88 EPS for the current year.

In other news, insider William Roth sold 44,028 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.16, for a total value of $667,464.48. Following the sale, the insider now owns 744,845 shares of the company’s stock, valued at approximately $11,291,850.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Mary Kathryn Riskey sold 3,186 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.16, for a total transaction of $48,299.76. Following the completion of the sale, the chief accounting officer now directly owns 40,624 shares in the company, valued at approximately $615,859.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,903 shares of company stock valued at $1,241,847. Corporate insiders own 1.16% of the company’s stock.

TWO has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday, January 13th. ValuEngine cut shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, B. Riley set a $17.00 target price on shares of Two Harbors Investment and gave the company a “buy” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $18.00.

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Two Harbors Investment Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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