Providence Capital Advisors LLC boosted its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,907 shares of the real estate investment trust’s stock after buying an additional 3,212 shares during the quarter. Providence Capital Advisors LLC’s holdings in Two Harbors Investment were worth $1,101,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in Two Harbors Investment by 20.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 4,256,825 shares of the real estate investment trust’s stock valued at $57,594,000 after acquiring an additional 712,925 shares during the period. LSV Asset Management increased its holdings in shares of Two Harbors Investment by 13.3% in the first quarter. LSV Asset Management now owns 3,961,159 shares of the real estate investment trust’s stock valued at $53,594,000 after purchasing an additional 464,431 shares during the last quarter. Delphi Financial Group Inc. raised its position in shares of Two Harbors Investment by 58.6% in the first quarter. Delphi Financial Group Inc. now owns 3,907,185 shares of the real estate investment trust’s stock valued at $52,864,000 after purchasing an additional 1,443,530 shares during the period. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 2,528,931 shares of the real estate investment trust’s stock valued at $32,471,000 after purchasing an additional 34,294 shares during the period. Finally, Federated Investors Inc. PA acquired a new stake in shares of Two Harbors Investment during the 1st quarter worth about $33,825,000. Hedge funds and other institutional investors own 63.19% of the company’s stock.
Several brokerages recently commented on TWO. Nomura set a $14.00 target price on shares of Two Harbors Investment and gave the stock a “hold” rating in a report on Wednesday, August 7th. Raymond James set a $15.00 price objective on shares of Two Harbors Investment and gave the stock a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price objective on shares of Two Harbors Investment from $14.50 to $13.50 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. ValuEngine upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Two Harbors Investment in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Two Harbors Investment presently has a consensus rating of “Hold” and an average price target of $14.81.
Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Two Harbors Investment had a negative net margin of 57.33% and a positive return on equity of 13.49%. The business had revenue of $68.59 million during the quarter, compared to the consensus estimate of $63.20 million. During the same period in the prior year, the firm earned $0.49 EPS. As a group, equities research analysts forecast that Two Harbors Investment Corp will post 1.64 EPS for the current year.
In related news, Director Karen Hammond purchased 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $13.30 per share, for a total transaction of $74,480.00. Following the completion of the transaction, the director now owns 47,262 shares of the company’s stock, valued at $628,584.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Siering purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $13.11 per share, with a total value of $65,550.00. The disclosure for this purchase can be found here. 0.86% of the stock is currently owned by insiders.
Two Harbors Investment Company Profile
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
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