Geller Family Office Services Lowers stake in Two Harbors Investment Corp (TWO)

Two Harbors Investment Corp (TWO) : Geller Family Office Services reduced its stake in Two Harbors Investment Corp by 75.5% during the most recent quarter end. The investment management company now holds a total of 15,345 shares of Two Harbors Investment Corp which is valued at $129,512 after selling 47,300 shares in Two Harbors Investment Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Two Harbors Investment Corp makes up approximately 0.07% of Geller Family Office Services’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in TWO in the latest quarter, The investment management firm added 48,092 additional shares and now holds a total of 56,931 shares of Two Harbors Investment Corp which is valued at $480,498.Blackrock Group Ltd boosted its stake in TWO in the latest quarter, The investment management firm added 55,923 additional shares and now holds a total of 286,350 shares of Two Harbors Investment Corp which is valued at $2.4 Million.Ibm Retirement Fund reduced its stake in TWO by selling 47,965 shares or 56.64% in the most recent quarter. The Hedge Fund company now holds 36,726 shares of TWO which is valued at $309,967. Two Harbors Investment Corp makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

Two Harbors Investment Corp opened for trading at $8.51 and hit $8.53 on the upside on Wednesday, eventually ending the session at $8.5, with a gain of 0.24% or 0.02 points. The heightened volatility saw the trading volume jump to 20,67,300 shares. Company has a market cap of $2,954 M.

On the company’s financial health, Two Harbors Investment Corp reported $0.21 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $89.40 million for the quarter, compared to analysts expectations of $97.95 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Two Harbors Investment Corp. Shares were Reiterated by Maxim Group on May 6, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $10.50 .

Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Company’s investment objective is to provide risk-adjusted total return to its stockholders over the long-term primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives) meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Non-Agency RMBS meaning RMBS that are not issued or guaranteed by Ginnie Mae Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC a subsidiary of Pine River Capital Management L.P.

Leave a Reply

Two Harbors Investment Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Two Harbors Investment Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.