BLB&B Advisors LLC Has $175,000 Stake in Two Harbors Investment Corp (TWO)

BLB&B Advisors LLC lowered its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 50.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,775 shares of the real estate investment trust’s stock after selling 11,100 shares during the period. BLB&B Advisors LLC’s holdings in Two Harbors Investment were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Two Harbors Investment by 1.2% during the second quarter. Vanguard Group Inc. now owns 28,500,232 shares of the real estate investment trust’s stock worth $282,437,000 after buying an additional 329,603 shares during the last quarter. Delphi Financial Group Inc. raised its stake in Two Harbors Investment by 1.1% during the third quarter. Delphi Financial Group Inc. now owns 7,193,819 shares of the real estate investment trust’s stock worth $72,442,000 after buying an additional 80,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Two Harbors Investment by 110.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,908,716 shares of the real estate investment trust’s stock worth $58,555,000 after buying an additional 3,099,465 shares during the last quarter. Janus Henderson Group PLC raised its stake in Two Harbors Investment by 145.8% during the third quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock worth $57,515,000 after buying an additional 3,384,072 shares during the last quarter. Finally, State Street Corp raised its stake in Two Harbors Investment by 4.3% during the second quarter. State Street Corp now owns 5,254,781 shares of the real estate investment trust’s stock worth $52,078,000 after buying an additional 217,529 shares during the last quarter.

A number of research firms have commented on TWO. Zacks Investment Research upgraded shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Saturday, January 13th. B. Riley upgraded shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $20.00 to $16.50 in a report on Friday, November 10th. They noted that the move was a valuation call. Barclays raised their price target on shares of Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Maxim Group restated a “buy” rating and issued a $17.00 price target (down from $20.50) on shares of Two Harbors Investment in a report on Thursday, November 9th. Finally, ValuEngine cut shares of Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Two Harbors Investment presently has an average rating of “Buy” and a consensus price target of $17.93.

In other Two Harbors Investment news, CEO Thomas Siering acquired 3,500 shares of Two Harbors Investment stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $15.30 per share, for a total transaction of $53,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Reid Sanders acquired 5,000 shares of Two Harbors Investment stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average price of $15.53 per share, with a total value of $77,650.00. The disclosure for this purchase can be found here. Insiders have bought 43,000 shares of company stock valued at $742,280 over the last quarter. Corporate insiders own 1.16% of the company’s stock.

Shares of Two Harbors Investment Corp (NYSE TWO) opened at $15.73 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37. The company has a market cap of $2,740.00, a price-to-earnings ratio of 5.42 and a beta of 0.52. Two Harbors Investment Corp has a twelve month low of $13.96 and a twelve month high of $17.29.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.24. The business had revenue of $115.03 million during the quarter, compared to analysts’ expectations of $112.87 million. Two Harbors Investment had a net margin of 63.23% and a return on equity of 10.27%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.24 earnings per share. equities analysts predict that Two Harbors Investment Corp will post 2.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.95%. The ex-dividend date was Friday, December 22nd. Two Harbors Investment’s dividend payout ratio is currently 72.41%.

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Two Harbors Investment Company 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.

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

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