Algebris UK Ltd. Makes New Investment in Two Harbors Investments Corp $TWO

Algebris UK Ltd. acquired a new position in Two Harbors Investments Corp (NYSE:TWO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,780,276 shares of the real estate investment trust’s stock, valued at approximately $17,558,000. Two Harbors Investments comprises approximately 2.0% of Algebris UK Ltd.’s investment portfolio, making the stock its 20th largest holding. Algebris UK Ltd. owned about 1.71% of Two Harbors Investments at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of Two Harbors Investments by 3.9% in the 3rd quarter. Amalgamated Bank now owns 30,604 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 1,158 shares during the last quarter. Osaic Holdings Inc. increased its position in Two Harbors Investments by 11.1% in the 2nd quarter. Osaic Holdings Inc. now owns 13,130 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,309 shares during the last quarter. Allworth Financial LP raised its position in Two Harbors Investments by 25.0% during the second quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,651 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Two Harbors Investments by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,707 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 1,896 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in Two Harbors Investments by 240.4% during the second quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,380 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TWO has been the subject of a number of research analyst reports. UBS Group lowered shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $14.00 in a research report on Friday. Maxim Group lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Zacks Research downgraded shares of Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.46.

Two Harbors Investments Stock Down 0.3%

Shares of Two Harbors Investments stock opened at $13.37 on Monday. The business has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $10.28. The stock has a market cap of $1.39 billion, a PE ratio of -5.35 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. Two Harbors Investments Corp has a 12 month low of $9.30 and a 12 month high of $14.28.

Two Harbors Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Monday, January 5th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, January 5th. Two Harbors Investments’s dividend payout ratio is presently -54.40%.

Insider Buying and Selling

In other Two Harbors Investments news, CIO Nicholas Letica sold 55,488 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.42, for a total value of $633,672.96. Following the sale, the executive directly owned 166,507 shares in the company, valued at approximately $1,901,509.94. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alecia Hanson sold 10,768 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.41, for a total transaction of $122,862.88. Following the completion of the transaction, the insider directly owned 45,288 shares of the company’s stock, valued at $516,736.08. This trade represents a 19.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 129,389 shares of company stock valued at $1,483,046. 0.61% of the stock is owned by company insiders.

Two Harbors Investments Company Profile

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.