Y Intercept Hong Kong Ltd Acquires 117,825 Shares of Two Harbors Investments Corp $TWO

Y Intercept Hong Kong Ltd grew its holdings in Two Harbors Investments Corp (NYSE:TWO) by 593.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,674 shares of the real estate investment trust’s stock after acquiring an additional 117,825 shares during the period. Y Intercept Hong Kong Ltd owned 0.13% of Two Harbors Investments worth $1,483,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its position in Two Harbors Investments by 68.4% in the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 890 shares during the period. AlphaQuest LLC raised its position in Two Harbors Investments by 240.4% in the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,380 shares during the period. Montag A & Associates Inc. raised its position in Two Harbors Investments by 29.2% in the first quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 1,193 shares during the period. Smartleaf Asset Management LLC raised its position in Two Harbors Investments by 233.0% in the first quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 4,552 shares during the period. Finally, Federated Hermes Inc. bought a new position in Two Harbors Investments in the first quarter worth approximately $140,000. 64.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. 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. Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Wednesday, October 8th. 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. Finally, Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.36.

Insiders Place Their Bets

In related news, CIO Nicholas Letica sold 8,654 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the transaction, the executive directly owned 160,281 shares of the company’s stock, valued at approximately $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Two Harbors Investments Stock Performance

TWO opened at $9.72 on Monday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -3.89 and a beta of 1.28. The company has a fifty day moving average of $9.88 and a 200 day moving average of $10.44. Two Harbors Investments Corp has a fifty-two week low of $9.30 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.07 and a current ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of ($23.50) million during the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. As a group, sell-side analysts forecast that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Friday, October 3rd were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend was Friday, October 3rd. Two Harbors Investments’s dividend payout ratio (DPR) is presently -54.40%.

Two Harbors Investments Company 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.