Clayton Partners LLC Buys New Position in Two Harbors Investments Corp $TWO

Clayton Partners LLC purchased a new position in Two Harbors Investments Corp (NYSE:TWO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 125,000 shares of the real estate investment trust’s stock, valued at approximately $1,234,000. Clayton Partners LLC owned 0.12% of Two Harbors Investments at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TWO. Balyasny Asset Management L.P. increased its stake in shares of Two Harbors Investments by 490.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,583,939 shares of the real estate investment trust’s stock worth $38,599,000 after purchasing an additional 2,977,196 shares in the last quarter. Algebris UK Ltd. bought a new stake in Two Harbors Investments during the third quarter valued at about $17,558,000. Invesco Ltd. increased its position in Two Harbors Investments by 44.5% in the second quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock worth $28,540,000 after buying an additional 815,931 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in Two Harbors Investments in the third quarter worth about $5,325,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Two Harbors Investments by 168.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 744,028 shares of the real estate investment trust’s stock valued at $8,013,000 after buying an additional 466,957 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $10.76 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -2.20 and a beta of 1.19. The firm has a fifty day moving average price of $11.68 and a 200 day moving average price of $10.51. 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 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. The company had revenue of $182.18 million during the quarter, compared to the consensus estimate of ($15.44) million. As a group, sell-side analysts expect that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Monday, January 5th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date was Monday, January 5th. Two Harbors Investments’s payout ratio is currently -27.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Maxim Group lowered shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a report on Thursday, December 18th. Zacks Research cut shares of Two Harbors Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of Two Harbors Investments from $13.50 to $12.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group downgraded shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and upped their target price for the stock from $11.00 to $14.00 in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Two Harbors Investments has an average rating of “Reduce” and a consensus price target of $12.88.

Insider Activity at Two Harbors Investments

In other Two Harbors Investments news, insider Robert Rush sold 23,594 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $11.43, for a total transaction of $269,679.42. Following the completion of the transaction, the insider owned 98,207 shares in the company, valued at $1,122,506.01. This trade represents a 19.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO William Dellal sold 7,087 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $11.44, for a total value of $81,075.28. Following the transaction, the chief financial officer owned 36,703 shares of the company’s stock, valued at $419,882.32. This represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 129,389 shares of company stock valued at $1,483,046 in the last 90 days. 0.70% of the stock is currently owned by insiders.

About Two Harbors Investments

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.