Wolverine Asset Management LLC Has $8.86 Million Stock Position in Two Harbors Investment Corp. (NYSE:TWO)

Wolverine Asset Management LLC decreased its stake in Two Harbors Investment Corp. (NYSE:TWO) by 17.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 635,920 shares of the real estate investment trust’s stock after selling 134,991 shares during the quarter. Wolverine Asset Management LLC’s holdings in Two Harbors Investment were worth $8,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Two Harbors Investment in the 4th quarter worth about $40,000. PNC Financial Services Group Inc. lifted its stake in Two Harbors Investment by 38.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,952 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,652 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in Two Harbors Investment in the 3rd quarter worth about $136,000. Oak Thistle LLC purchased a new stake in Two Harbors Investment in the 4th quarter worth about $148,000. Finally, Teamwork Financial Advisors LLC raised its stake in shares of Two Harbors Investment by 7.0% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 15,786 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,034 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

Two Harbors Investment Stock Performance

TWO traded up $0.26 during midday trading on Tuesday, reaching $12.57. The company’s stock had a trading volume of 710,716 shares, compared to its average volume of 1,212,449. The stock has a market cap of $1.30 billion, a P/E ratio of -6.27 and a beta of 1.87. The company has a fifty day simple moving average of $12.64 and a 200 day simple moving average 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 Dividend Announcement

The firm also recently announced 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 14.32%. The ex-dividend date of this dividend is Wednesday, April 3rd. Two Harbors Investment’s dividend payout ratio (DPR) is currently -90.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently 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 note on Thursday, April 18th. StockNews.com downgraded Two Harbors Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Jonestrading began coverage on Two Harbors Investment in a research note on Friday, March 22nd. They set a “hold” rating for the company. TheStreet downgraded Two Harbors Investment from a “c-” rating to a “d” rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. cut their price objective on 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 equities research 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.50.

Insider Transactions at Two Harbors Investment

In other news, CFO Mary Kathryn Riskey sold 2,150 shares of Two Harbors Investment stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the sale, the chief financial officer now owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mary Kathryn Riskey sold 2,150 shares of Two Harbors Investment stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total transaction of $26,445.00. Following the sale, the chief financial officer now owns 83,605 shares of the company’s stock, valued at approximately $1,028,341.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca B. Sandberg sold 2,360 shares of Two Harbors Investment stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $12.30, for a total value of $29,028.00. Following the sale, the insider now directly owns 117,399 shares in the company, valued at approximately $1,444,007.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,752 shares of company stock valued at $169,150. 0.61% of the stock is owned by corporate insiders.

Two Harbors Investment 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.