ABC Arbitrage SA Decreases Stock Holdings in Two Harbors Investments Corp $TWO

ABC Arbitrage SA lowered its position in Two Harbors Investments Corp (NYSE:TWO) by 47.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,454 shares of the real estate investment trust’s stock after selling 46,944 shares during the period. ABC Arbitrage SA’s holdings in Two Harbors Investments were worth $588,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TWO. Quarry LP lifted its holdings in Two Harbors Investments by 695.6% in the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,991 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Two Harbors Investments by 34.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 981 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Two Harbors Investments in the third quarter worth approximately $42,000. Kemnay Advisory Services Inc. purchased a new position in shares of Two Harbors Investments during the 4th quarter worth $68,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Two Harbors Investments during the 4th quarter worth $75,000. Institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TWO. Zacks Research upgraded Two Harbors Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. downgraded Two Harbors Investments from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $12.50 to $11.00 in a research report on Thursday, April 16th. Compass Point reiterated a “neutral” rating and issued a $13.00 target price on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Finally, Weiss Ratings upgraded Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.50.

Two Harbors Investments Price Performance

TWO stock opened at $12.09 on Tuesday. Two Harbors Investments Corp has a 12 month low of $8.78 and a 12 month high of $14.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $12.36 and a 200 day moving average price of $11.59. The stock has a market cap of $1.27 billion, a PE ratio of -3.16 and a beta of 1.03.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Two Harbors Investments had a negative net margin of 87.72% and a positive return on equity of 13.62%. The company had revenue of $225.08 million for the quarter, compared to analyst estimates of $2.33 million. Equities research analysts anticipate that Two Harbors Investments Corp will post 0.8 earnings per share for the current year.

Two Harbors Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, July 2nd. Two Harbors Investments’s payout ratio is currently -35.60%.

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.