Highlander Capital Management LLC Sells 22,725 Shares of Two Harbors Investment Corp (TWO)
Highlander Capital Management LLC decreased its stake in shares of Two Harbors Investment Corp (NYSE:TWO) by 50.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,725 shares of the real estate investment trust’s stock after selling 22,725 shares during the quarter. Highlander Capital Management LLC’s holdings in Two Harbors Investment were worth $370,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in TWO. Janus Henderson Group PLC raised its stake in Two Harbors Investment by 145.8% during the third quarter. Janus Henderson Group PLC now owns 5,705,879 shares of the real estate investment trust’s stock valued at $57,515,000 after buying an additional 3,384,072 shares during the last quarter. APG Asset Management N.V. raised its stake in Two Harbors Investment by 104.8% during the fourth quarter. APG Asset Management N.V. now owns 2,597,335 shares of the real estate investment trust’s stock valued at $35,170,000 after buying an additional 1,329,335 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Two Harbors Investment during the third quarter valued at $7,762,000. Capital Advisors Inc. OK purchased a new position in Two Harbors Investment during the fourth quarter valued at $10,807,000. Finally, Maltese Capital Management LLC purchased a new position in Two Harbors Investment during the third quarter valued at $6,624,000. Institutional investors and hedge funds own 67.47% of the company’s stock.
Shares of Two Harbors Investment Corp (NYSE TWO) opened at $14.89 on Monday. The company has a market capitalization of $2,612.28, a price-to-earnings ratio of 7.16 and a beta of 0.35. Two Harbors Investment Corp has a fifty-two week low of $13.85 and a fifty-two week high of $17.29. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.53.
In related news, CFO Brad Farrell sold 24,761 shares of Two Harbors Investment stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.17, for a total value of $375,624.37. Following the completion of the sale, the chief financial officer now owns 284,978 shares of the company’s stock, valued at $4,323,116.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Siering acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $14.85 per share, with a total value of $44,550.00. Following the acquisition, the chief executive officer now directly owns 898,683 shares of the company’s stock, valued at $13,345,442.55. The disclosure for this purchase can be found here. Insiders sold 81,903 shares of company stock valued at $1,241,847 in the last ninety days. 1.16% of the stock is currently owned by corporate insiders.
A number of research analysts have issued reports on TWO shares. Zacks Investment Research cut Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine cut Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays lifted their price objective on Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Maxim Group reiterated a “buy” rating and set a $17.00 price objective (down previously from $20.50) on shares of Two Harbors Investment in a research note on Thursday, November 9th. Finally, B. Riley raised Two Harbors Investment from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $20.00 to $16.50 in a report on Friday, November 10th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.00.
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Two Harbors Investment Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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