Advisors Asset Management Inc. decreased its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 91.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,932 shares of the real estate investment trust’s stock after selling 420,371 shares during the quarter. Advisors Asset Management Inc.’s holdings in Two Harbors Investment were worth $15,484,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TWO. Boston Partners raised its position in Two Harbors Investment by 2.3% in the second quarter. Boston Partners now owns 3,419,235 shares of the real estate investment trust’s stock valued at $54,023,000 after purchasing an additional 78,277 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Two Harbors Investment by 3.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,407,950 shares of the real estate investment trust’s stock valued at $53,845,000 after purchasing an additional 123,350 shares during the period. Nan Shan Life Insurance Co. Ltd. raised its position in Two Harbors Investment by 13.2% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 3,153,701 shares of the real estate investment trust’s stock valued at $49,828,000 after purchasing an additional 367,155 shares during the period. LSV Asset Management raised its position in Two Harbors Investment by 5.2% in the second quarter. LSV Asset Management now owns 2,423,320 shares of the real estate investment trust’s stock valued at $38,288,000 after purchasing an additional 119,950 shares during the period. Finally, Wells Fargo & Company MN raised its position in Two Harbors Investment by 110.1% in the second quarter. Wells Fargo & Company MN now owns 1,567,952 shares of the real estate investment trust’s stock valued at $24,774,000 after purchasing an additional 821,703 shares during the period. Hedge funds and other institutional investors own 65.67% of the company’s stock.

In other news, CEO Thomas Siering acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average cost of $15.41 per share, with a total value of $77,050.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Bender sold 3,460 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $15.60, for a total value of $53,976.00. Following the transaction, the director now directly owns 24,065 shares of the company’s stock, valued at $375,414. The disclosure for this sale can be found here. Insiders own 1.41% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Compass Point set a $16.00 target price on Two Harbors Investment and gave the company a “buy” rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. lifted their target price on Two Harbors Investment from $15.00 to $16.50 and gave the company a “$15.84” rating in a research report on Monday, July 23rd. ValuEngine downgraded Two Harbors Investment from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Finally, Barclays set a $17.00 target price on Two Harbors Investment and gave the company a “buy” rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Two Harbors Investment currently has a consensus rating of “Hold” and an average target price of $16.58.

Shares of NYSE TWO opened at $15.38 on Tuesday. Two Harbors Investment Corp has a twelve month low of $13.85 and a twelve month high of $16.83. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.88 billion, a PE ratio of 7.38 and a beta of 0.28.

Two Harbors Investment (NYSE:TWO) last issued its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. Two Harbors Investment had a return on equity of 11.49% and a net margin of 80.75%. The business had revenue of $172.12 million during the quarter. research analysts anticipate that Two Harbors Investment Corp will post 1.89 EPS for the current year.

Two Harbors Investment Profile

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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

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