Barings LLC Sells 36,650 Shares of Two Harbors Investment Corp (TWO)

Barings LLC cut its holdings in Two Harbors Investment Corp (NYSE:TWO) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,650 shares of the real estate investment trust’s stock after selling 36,650 shares during the quarter. Barings LLC’s holdings in Two Harbors Investment were worth $596,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in Two Harbors Investment by 6.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,954,726 shares of the real estate investment trust’s stock valued at $19,704,000 after acquiring an additional 117,400 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Two Harbors Investment by 3.6% in the third quarter. New York State Common Retirement Fund now owns 888,287 shares of the real estate investment trust’s stock valued at $8,954,000 after acquiring an additional 31,000 shares during the last quarter. APG Asset Management N.V. boosted its stake in Two Harbors Investment by 104.8% in 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 acquiring an additional 1,329,335 shares during the last quarter. Penn Mutual Life Insurance Co boosted its stake in Two Harbors Investment by 50.0% in the third quarter. Penn Mutual Life Insurance Co now owns 300,000 shares of the real estate investment trust’s stock valued at $3,024,000 after acquiring an additional 100,000 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Two Harbors Investment by 4.9% in the third quarter. American Century Companies Inc. now owns 2,799,345 shares of the real estate investment trust’s stock valued at $28,217,000 after acquiring an additional 131,182 shares during the last quarter.

TWO has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Two Harbors Investment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Saturday, January 13th. Barclays raised their price objective on shares of 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 reaffirmed a “buy” rating and issued a $17.00 price objective (down from $20.50) on shares of Two Harbors Investment in a research note on Thursday, November 9th. B. Riley raised shares of Two Harbors Investment from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $20.00 to $16.50 in a research note on Friday, November 10th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Two Harbors Investment from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.00.

In other news, insider William Roth sold 44,028 shares of Two Harbors Investment stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.16, for a total transaction of $667,464.48. Following the transaction, the insider now directly owns 744,845 shares of the company’s stock, valued at $11,291,850.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Rebecca B. Sandberg sold 9,308 shares of Two Harbors Investment stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.16, for a total transaction of $141,109.28. Following the transaction, the general counsel now directly owns 128,308 shares in the company, valued at $1,945,149.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,903 shares of company stock worth $1,241,847. Insiders own 1.16% of the company’s stock.

Two Harbors Investment Corp (NYSE TWO) opened at $15.18 on Friday. The firm has a market cap of $2,650.00, a price-to-earnings ratio of 10.26 and a beta of 0.32. Two Harbors Investment Corp has a 52-week low of $13.85 and a 52-week high of $17.29. 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 (NYSE:TWO) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $112.40 million. Two Harbors Investment had a net margin of 41.26% and a return on equity of 10.06%. During the same period last year, the firm posted $0.24 earnings per share. research analysts anticipate that Two Harbors Investment Corp will post 1.87 EPS for the current year.

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

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