Rhumbline Advisers Decreases Position in Two Harbors Investments Corp $TWO

Rhumbline Advisers lessened its holdings in Two Harbors Investments Corp (NYSE:TWO) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 298,321 shares of the real estate investment trust’s stock after selling 11,327 shares during the quarter. Rhumbline Advisers owned 0.29% of Two Harbors Investments worth $3,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TWO. CWM LLC raised its position in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 890 shares during the period. Montag A & Associates Inc. raised its position in Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 1,193 shares during the period. Smartleaf Asset Management LLC raised its position in Two Harbors Investments by 233.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 4,552 shares during the period. Wolverine Trading LLC raised its position in Two Harbors Investments by 866.3% in the 4th quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 9,443 shares during the period. Finally, Federated Hermes Inc. purchased a new position in Two Harbors Investments in the 1st quarter worth $140,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Insider Buying and Selling at Two Harbors Investments

In other news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the sale, the executive owned 160,281 shares of the company’s stock, valued at approximately $1,606,015.62. The trade was a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Two Harbors Investments Stock Performance

Shares of TWO opened at $10.05 on Monday. The firm’s 50-day moving average price is $10.07 and its 200-day moving average price is $11.20. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -2.82 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. Two Harbors Investments Corp has a 1-year low of $9.49 and a 1-year high of $14.28.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. Sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.5%. Two Harbors Investments’s payout ratio is presently -38.20%.

Wall Street Analysts Forecast Growth

TWO has been the topic of a number of analyst reports. Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. UBS Group decreased their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. Maxim Group decreased their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Royal Bank Of Canada decreased their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 28th. Finally, JMP Securities restated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.43.

Two Harbors Investments 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.