Simplicity Wealth LLC Purchases New Holdings in Two Harbors Investments Corp $TWO

Simplicity Wealth LLC acquired a new position in Two Harbors Investments Corp (NYSE:TWO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 96,611 shares of the real estate investment trust’s stock, valued at approximately $954,000. Simplicity Wealth LLC owned 0.09% of Two Harbors Investments as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in TWO. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Two Harbors Investments in the 3rd quarter worth approximately $25,000. AlphaQuest LLC raised its stake 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 during the last quarter. CWM LLC boosted its holdings in Two Harbors Investments by 456.0% in the third quarter. CWM LLC now owns 5,465 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 4,482 shares in the last quarter. Allworth Financial LP grew its stake in shares of Two Harbors Investments by 25.0% in the second quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 1,651 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Two Harbors Investments during the third quarter valued at $107,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Stock Down 0.3%

TWO stock opened at $13.37 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -5.35 and a beta of 1.19. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day moving average is $10.96 and its two-hundred day moving average is $10.29. Two Harbors Investments Corp has a fifty-two week low of $9.30 and a fifty-two week high of $14.28.

Two Harbors Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Monday, January 5th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.2%. Two Harbors Investments’s dividend payout ratio (DPR) is presently -54.40%.

Insider Activity at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 55,488 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $11.42, for a total transaction of $633,672.96. Following the completion of the sale, the executive directly owned 166,507 shares of the company’s stock, valued at approximately $1,901,509.94. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rebecca B. Sandberg sold 27,370 shares of Two Harbors Investments stock in a transaction on Friday, December 19th. The stock was sold at an average price of $11.43, for a total transaction of $312,839.10. Following the transaction, the insider owned 156,718 shares in the company, valued at $1,791,286.74. This represents a 14.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 129,389 shares of company stock valued at $1,483,046 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group cut Two Harbors Investments from a “buy” rating to a “neutral” rating and increased their price objective for the company from $11.00 to $14.00 in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Two Harbors Investments in a report on Monday, December 29th. Zacks Research cut shares of Two Harbors Investments from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $12.46.

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.