Two Sigma Securities LLC purchased a new position in shares of Two Harbors Investment Corp (NYSE:TWO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,467 shares of the real estate investment trust’s stock, valued at approximately $219,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Two Harbors Investment by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,974 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 718 shares in the last quarter. Cipher Capital LP grew its holdings in shares of Two Harbors Investment by 3.7% during the third quarter. Cipher Capital LP now owns 92,351 shares of the real estate investment trust’s stock worth $931,000 after buying an additional 3,309 shares in the last quarter. Camelot Portfolios LLC grew its holdings in Two Harbors Investment by 2.8% in the third quarter. Camelot Portfolios LLC now owns 204,379 shares of the real estate investment trust’s stock valued at $2,060,000 after purchasing an additional 5,561 shares during the period. Pacer Advisors Inc. grew its holdings in Two Harbors Investment by 11.6% in the third quarter. Pacer Advisors Inc. now owns 54,141 shares of the real estate investment trust’s stock valued at $546,000 after purchasing an additional 5,625 shares during the period. Finally, Beck Capital Management LLC grew its holdings in Two Harbors Investment by 1.5% in the third quarter. Beck Capital Management LLC now owns 445,015 shares of the real estate investment trust’s stock valued at $4,486,000 after purchasing an additional 6,698 shares during the period. Institutional investors and hedge funds own 68.27% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. ValuEngine downgraded shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a report 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 report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Two Harbors Investment currently has an average rating of “Buy” and an average price target of $18.00.
Shares of Two Harbors Investment stock opened at $15.75 on Monday. Two Harbors Investment Corp has a twelve month low of $13.85 and a twelve month high of $17.29. The stock has a market cap of $2,763.16, a P/E ratio of 7.57 and a beta of 0.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.19.
Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $112.40 million. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.60%. During the same period in the previous year, the company posted $0.24 earnings per share. equities analysts anticipate that Two Harbors Investment Corp will post 1.88 EPS for the current year.
In other Two Harbors Investment news, General Counsel Rebecca B. Sandberg sold 9,308 shares of Two Harbors Investment stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.16, for a total transaction of $141,109.28. Following the transaction, the general counsel now directly owns 128,308 shares of the company’s stock, valued at $1,945,149.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William Roth sold 44,028 shares of Two Harbors Investment stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.16, for a total transaction of $667,464.48. Following the transaction, the insider now directly owns 744,845 shares in the company, valued at $11,291,850.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,903 shares of company stock worth $1,241,847. 1.16% of the stock is currently owned by corporate insiders.
About Two Harbors Investment
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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