Kempen Capital Management N.v. Lowers stake in Two Harbors Investment Corp (TWO)

Two Harbors Investment Corp (TWO) : Kempen Capital Management N.v. reduced its stake in Two Harbors Investment Corp by 0.31% during the most recent quarter end. The investment management company now holds a total of 2,885,650 shares of Two Harbors Investment Corp which is valued at $24.4 Million after selling 8,950 shares in Two Harbors Investment Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Two Harbors Investment Corp makes up approximately 2.84% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Group One Trading sold out all of its stake in TWO during the most recent quarter. The investment firm sold 400 shares of TWO which is valued $3,376.Ausdal Financial Partners boosted its stake in TWO in the latest quarter, The investment management firm added 668 additional shares and now holds a total of 84,399 shares of Two Harbors Investment Corp which is valued at $697,136. Two Harbors Investment Corp makes up approx 0.39% of Ausdal Financial Partners’s portfolio.Swiss National Bank boosted its stake in TWO in the latest quarter, The investment management firm added 115,800 additional shares and now holds a total of 595,700 shares of Two Harbors Investment Corp which is valued at $4.9 Million. Two Harbors Investment Corp makes up approx 0.01% of Swiss National Bank’s portfolio. Checchi Capital Advisers added TWO to its portfolio by purchasing 7,873 company shares during the most recent quarter which is valued at $65,031. Two Harbors Investment Corp makes up approx 0.02% of Checchi Capital Advisers’s portfolio.Cadence Capital Management boosted its stake in TWO in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 28,652 shares of Two Harbors Investment Corp which is valued at $236,666. Two Harbors Investment Corp makes up approx 0.02% of Cadence Capital Management’s portfolio.

Two Harbors Investment Corp opened for trading at $8.42 and hit $8.452 on the upside on Friday, eventually ending the session at $8.4, with a gain of 0.24% or 0.02 points. The heightened volatility saw the trading volume jump to 17,53,433 shares. Company has a market cap of $2,920 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.

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