SG Americas Securities LLC Acquires Shares of 33,763 Two Harbors Investment Corp (TWO)
SG Americas Securities LLC acquired a new position in shares of Two Harbors Investment Corp (NYSE:TWO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,763 shares of the real estate investment trust’s stock, valued at approximately $340,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Martingale Asset Management L P boosted its position in Two Harbors Investment by 8,595.4% during the 2nd quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after acquiring an additional 1,848,609 shares during the period. Principal Financial Group Inc. boosted its position in Two Harbors Investment by 5,046.7% during the 2nd quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after acquiring an additional 3,118,060 shares during the period. Crawford Investment Counsel Inc. boosted its position in Two Harbors Investment by 6.0% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 218,700 shares of the real estate investment trust’s stock worth $2,167,000 after acquiring an additional 12,390 shares during the period. Artemis Investment Management LLP acquired a new stake in Two Harbors Investment during the 2nd quarter worth about $11,869,000. Finally, Chicago Equity Partners LLC boosted its position in Two Harbors Investment by 122.9% during the 2nd quarter. Chicago Equity Partners LLC now owns 534,735 shares of the real estate investment trust’s stock worth $5,299,000 after acquiring an additional 294,855 shares during the period.
Shares of Two Harbors Investment Corp (TWO) traded up $0.29 during trading on Friday, hitting $16.52. The stock had a trading volume of 6,302,780 shares, compared to its average volume of 2,062,005. The firm has a market cap of $2,831.96, a price-to-earnings ratio of 7.77 and a beta of 0.57. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.37. Two Harbors Investment Corp has a fifty-two week low of $13.96 and a fifty-two week high of $17.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.88 annualized dividend and a dividend yield of 11.38%. Two Harbors Investment’s dividend payout ratio is 72.26%.
In related news, CEO Thomas Siering acquired 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $15.30 per share, with a total value of $53,550.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Taylor acquired 9,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $15.64 per share, for a total transaction of $148,580.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 144,144 shares of company stock valued at $2,652,253. 1.16% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Two Harbors Investment from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, October 25th. Maxim Group restated a “buy” rating and set a $17.00 price objective (down from $20.50) on shares of Two Harbors Investment in a research report on Thursday, November 9th. ValuEngine lowered Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Barclays lifted their price target on Two Harbors Investment from $10.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, B. Riley reiterated a “neutral” rating on shares of Two Harbors Investment in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.50.
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Two Harbors Investment 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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