Algebris UK Ltd. Acquires New Holdings in Two Harbors Investments Corp $TWO

Algebris UK Ltd. bought a new position in shares of Two Harbors Investments Corp (NYSE:TWO) in the third quarter, HoldingsChannel reports. The firm bought 1,780,276 shares of the real estate investment trust’s stock, valued at approximately $17,558,000. Two Harbors Investments accounts for approximately 2.0% of Algebris UK Ltd.’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. increased its position in shares of Two Harbors Investments by 490.7% during the second 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 acquiring an additional 2,977,196 shares in the last quarter. Invesco Ltd. lifted its position in Two Harbors Investments by 44.5% in the 2nd quarter. Invesco Ltd. now owns 2,649,977 shares of the real estate investment trust’s stock valued at $28,540,000 after acquiring an additional 815,931 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Two Harbors Investments by 168.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 744,028 shares of the real estate investment trust’s stock worth $8,013,000 after purchasing an additional 466,957 shares during the period. First Trust Advisors LP bought a new position in Two Harbors Investments during the 2nd quarter worth about $4,371,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Two Harbors Investments in the 2nd quarter valued at about $1,861,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Trading Down 0.3%

NYSE TWO opened at $13.37 on Monday. The company has a market cap of $1.39 billion, a PE ratio of -5.35 and a beta of 1.19. The company has a current ratio of 1.09, a quick 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. The stock has a 50 day moving average of $10.96 and a 200-day moving average of $10.28.

Two Harbors Investments Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, January 5th. This represents a $1.36 dividend on an annualized basis and a yield of 10.2%. Two Harbors Investments’s dividend payout ratio (DPR) is currently -54.40%.

Insider Transactions at Two Harbors Investments

In related news, insider Rebecca B. Sandberg sold 27,370 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $11.43, for a total value of $312,839.10. Following the completion of the sale, the insider directly owned 156,718 shares in the company, valued at approximately $1,791,286.74. This trade represents a 14.87% decrease in their position. The sale 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 that occurred on Friday, December 19th. The stock was sold at an average price of $11.41, for a total value of $122,862.88. Following the transaction, the insider directly owned 45,288 shares in the company, valued at approximately $516,736.08. This trade represents a 19.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 129,389 shares of company stock valued at $1,483,046. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on TWO shares. Maxim Group cut Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. upped their price target on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. UBS Group cut shares of Two Harbors Investments from a “buy” rating to a “neutral” rating and raised their price target for the stock from $11.00 to $14.00 in a research note on Friday. Zacks Research downgraded shares of Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $12.46.

Two Harbors Investments 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.