Harbour Capital Advisors LLC Has $528,000 Holdings in Two Harbors Investment Corp (TWO)
Harbour Capital Advisors LLC raised its stake in Two Harbors Investment Corp (NYSE:TWO) by 1,190.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,760 shares of the real estate investment trust’s stock after acquiring an additional 139,998 shares during the period. Harbour Capital Advisors LLC’s holdings in Two Harbors Investment were worth $528,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Pinnacle Financial Partners Inc. grew its position in Two Harbors Investment by 27.6% in the third quarter. Pinnacle Financial Partners Inc. now owns 20,800 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 4,500 shares during the period. Tyers Asset Management LLC grew its holdings in shares of Two Harbors Investment by 7.1% during the second quarter. Tyers Asset Management LLC now owns 81,200 shares of the real estate investment trust’s stock worth $1,283,000 after purchasing an additional 5,360 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Two Harbors Investment by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 19,040 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 5,440 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Two Harbors Investment by 7.0% during the second quarter. Riverhead Capital Management LLC now owns 89,655 shares of the real estate investment trust’s stock worth $1,417,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Atria Investments LLC grew its holdings in shares of Two Harbors Investment by 32.4% during the second quarter. Atria Investments LLC now owns 24,456 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 5,981 shares during the last quarter. Hedge funds and other institutional investors own 49.16% of the company’s stock.
Shares of TWO opened at $14.29 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Two Harbors Investment Corp has a 12-month low of $13.85 and a 12-month high of $16.83. The firm has a market cap of $3.59 billion, a PE ratio of 6.87 and a beta of 0.31.
The company also recently declared a special dividend, which was paid on Monday, October 29th. Stockholders of record on Monday, October 1st were paid a dividend of $0.3116 per share. This represents a dividend yield of 12.34%. The ex-dividend date of this dividend was Friday, September 28th. This is a positive change from Two Harbors Investment’s previous special dividend of $0.16. Two Harbors Investment’s dividend payout ratio is 60.10%.
In other news, Director James J. Bender sold 3,460 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $15.60, for a total transaction of $53,976.00. Following the transaction, the director now owns 24,065 shares of the company’s stock, valued at $375,414. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Siering purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average cost of $15.41 per share, for a total transaction of $77,050.00. The disclosure for this purchase can be found here. Corporate insiders own 1.41% of the company’s stock.
Several analysts have recently commented on the company. ValuEngine upgraded Two Harbors Investment from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Deutsche Bank cut Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. increased their target price on Two Harbors Investment from $15.00 to $16.50 and gave the stock a “$15.84” rating in a report on Monday, July 23rd. Finally, Barclays set a $17.00 target price on Two Harbors Investment and gave the stock a “buy” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Two Harbors Investment has an average rating of “Buy” and an average price target of $16.29.
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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, hybrid mortgage loans, or derivatives; 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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