Dynamic Technology Lab Private Ltd Invests $213,000 in Two Harbors Investments Corp $TWO

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Two Harbors Investments Corp (NYSE:TWO) during the 2nd quarter, Holdings Channel reports. The fund purchased 19,788 shares of the real estate investment trust’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWO. CWM LLC boosted its position in Two Harbors Investments by 68.4% in the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 890 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of 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 worth $36,000 after buying an additional 2,380 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Two Harbors Investments by 233.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 4,552 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Two Harbors Investments by 25.0% in the 2nd quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,651 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Two Harbors Investments during the 1st quarter valued at $140,000. Institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Trading Up 1.7%

Shares of TWO stock opened at $10.22 on Thursday. Two Harbors Investments Corp has a 1-year low of $9.30 and a 1-year high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -4.09 and a beta of 1.30. The stock has a 50-day moving average of $9.75 and a 200-day moving average of $10.21.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 EPS for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. On average, equities research analysts forecast that Two Harbors Investments Corp will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on TWO shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Two Harbors Investments in a report on Tuesday. UBS Group reduced their price target on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Zacks Research upgraded shares of Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.96.

Two Harbors Investments Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.