Wolverine Asset Management LLC Lowers Stock Position in Two Harbors Investments Corp $TWO

Wolverine Asset Management LLC cut its stake in shares of Two Harbors Investments Corp (NYSE:TWO) by 68.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,928 shares of the real estate investment trust’s stock after selling 508,100 shares during the quarter. Wolverine Asset Management LLC’s holdings in Two Harbors Investments were worth $2,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in shares of Two Harbors Investments by 11.1% in the second quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,309 shares during the period. Allworth Financial LP raised its holdings in Two Harbors Investments by 25.0% during the second quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,651 shares during the period. Golden State Equity Partners lifted its position in shares of Two Harbors Investments by 2.0% in the second quarter. Golden State Equity Partners now owns 84,941 shares of the real estate investment trust’s stock valued at $915,000 after acquiring an additional 1,665 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Two Harbors Investments by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,707 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 1,896 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,380 shares during the period. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO opened at $14.10 on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -5.64 and a beta of 1.19. Two Harbors Investments Corp has a 12 month low of $9.30 and a 12 month high of $14.28. The firm’s 50-day moving average is $10.58 and its 200 day moving average is $10.19. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.13.

Two Harbors Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Monday, January 5th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, January 5th. Two Harbors Investments’s dividend payout ratio (DPR) is currently -54.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Maxim Group cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Zacks Research lowered Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.96.

Insider Activity at Two Harbors Investments

In other news, insider Robert Rush sold 23,594 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.43, for a total transaction of $269,679.42. Following the completion of the sale, the insider directly owned 98,207 shares of the company’s stock, valued at approximately $1,122,506.01. The trade was a 19.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Nicholas Letica sold 55,488 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $11.42, for a total transaction of $633,672.96. Following the completion of the transaction, the executive directly owned 166,507 shares in the company, valued at $1,901,509.94. This represents a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 129,389 shares of company stock worth $1,483,046 over the last quarter. 0.70% of the stock is owned by insiders.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.