GABELLI & Co INVESTMENT ADVISERS INC. Boosts Stake in Two Harbors Investments Corp $TWO

GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Two Harbors Investments Corp (NYSE:TWO) by 132.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,385 shares of the real estate investment trust’s stock after acquiring an additional 68,110 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.11% of Two Harbors Investments worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TWO. Quarry LP grew its holdings in shares of Two Harbors Investments by 695.6% during the third quarter. Quarry LP now owns 3,421 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,991 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in 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 valued at $40,000 after purchasing an additional 981 shares in the last quarter. Advisory Services Network LLC bought a new stake in Two Harbors Investments during the third quarter valued at approximately $42,000. Kemnay Advisory Services Inc. bought a new stake in Two Harbors Investments during the fourth quarter valued at approximately $68,000. Finally, Los Angeles Capital Management LLC purchased a new position in Two Harbors Investments in the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TWO shares. Compass Point restated a “neutral” rating and set a $13.00 price objective on shares of Two Harbors Investments in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Two Harbors Investments from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised Two Harbors Investments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Two Harbors Investments presently has a consensus rating of “Hold” and a consensus price target of $12.75.

Two Harbors Investments Stock Up 0.1%

Shares of NYSE TWO opened at $12.11 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -3.17 and a beta of 1.03. Two Harbors Investments Corp has a one year low of $8.78 and a one year high of $14.17. The firm’s 50 day simple moving average is $12.29 and its two-hundred day simple moving average is $11.67. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.06 and a quick ratio of 1.06.

Two Harbors Investments (NYSE:TWO) last announced 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 firm had revenue of $225.08 million during the quarter, compared to analyst estimates of $2.33 million. As a group, analysts expect that Two Harbors Investments Corp will post 0.89 EPS for the current fiscal year.

Two Harbors Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. 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.