Beck Capital Management LLC Acquires 6,698 Shares of Two Harbors Investments Corp (TWO)

Beck Capital Management LLC raised its holdings in Two Harbors Investments Corp (NYSE:TWO) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 445,015 shares of the real estate investment trust’s stock after buying an additional 6,698 shares during the period. Two Harbors Investments makes up approximately 2.1% of Beck Capital Management LLC’s portfolio, making the stock its 11th largest position. Beck Capital Management LLC owned 0.26% of Two Harbors Investments worth $4,486,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Optimum Investment Advisors lifted its position in shares of Two Harbors Investments by 0.7% during the 2nd quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 117 shares during the last quarter. CIBC World Markets Inc. lifted its position in shares of Two Harbors Investments by 1.1% during the 2nd quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 162 shares during the last quarter. World Asset Management Inc lifted its position in shares of Two Harbors Investments by 1.4% during the 2nd quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 175 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of Two Harbors Investments by 1.6% during the 2nd quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 190 shares during the last quarter. Finally, Utah Retirement Systems lifted its position in shares of Two Harbors Investments by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 262 shares during the last quarter.

In related news, CEO Thomas Siering purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $15.30 per share, for a total transaction of $53,550.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brian Taylor purchased 9,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $15.64 per share, for a total transaction of $148,580.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 144,144 shares of company stock worth $2,652,253 over the last quarter. 1.16% of the stock is owned by company insiders.

Shares of Two Harbors Investments Corp (NYSE:TWO) traded up $0.02 during trading hours on Wednesday, reaching $16.16. 2,531,400 shares of the company traded hands, compared to its average volume of 1,676,936. Two Harbors Investments Corp has a 12-month low of $13.96 and a 12-month high of $17.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $2,810.00, a price-to-earnings ratio of 7.72 and a beta of 0.52.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.24. Two Harbors Investments had a net margin of 63.23% and a return on equity of 10.27%. The firm had revenue of $115.03 million for the quarter, compared to analyst estimates of $112.87 million. During the same period last year, the business earned $0.24 EPS. Two Harbors Investments’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts anticipate that Two Harbors Investments Corp will post 2.08 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Two Harbors Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. B. Riley raised shares of Two Harbors Investments from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $20.00 to $16.50 in a research report on Friday, November 10th. They noted that the move was a valuation call. Barclays lifted their price objective on shares of Two Harbors Investments from $10.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Maxim Group reaffirmed a “buy” rating and set a $17.00 price objective (down from $20.50) on shares of Two Harbors Investments in a research report on Thursday, November 9th. Finally, ValuEngine cut shares of Two Harbors Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.50.

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About Two Harbors Investments

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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Institutional Ownership by Quarter for Two Harbors Investments (NYSE:TWO)

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