Whitebox Advisors buys $74,874,818 stake in Two Harbors Investment Corp (TWO)

Two Harbors Investment Corp (TWO) : Whitebox Advisors scooped up 5,900,030 additional shares in Two Harbors Investment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 9,064,748 shares of Two Harbors Investment Corp which is valued at $74,874,818.Two Harbors Investment Corp makes up approximately 11.36% of Whitebox Advisors’s portfolio.

Other Hedge Funds, Including , Cambridge Investment Research Advisors reduced its stake in TWO by selling 2,705 shares or 10.55% in the most recent quarter. The Hedge Fund company now holds 22,946 shares of TWO which is valued at $189,534.Russell Frank Co boosted its stake in TWO in the latest quarter, The investment management firm added 485,896 additional shares and now holds a total of 3,292,710 shares of Two Harbors Investment Corp which is valued at $25,781,919. Two Harbors Investment Corp makes up approx 0.04% of Russell Frank Co’s portfolio.Commonwealth Equity Services Inc reduced its stake in TWO by selling 3,694 shares or 9.12% in the most recent quarter. The Hedge Fund company now holds 36,823 shares of TWO which is valued at $288,324. Sawtooth Asset Management sold out all of its stake in TWO during the most recent quarter. The investment firm sold 43,604 shares of TWO which is valued $341,419.Delphi Financial Group reduced its stake in TWO by selling 1,930,000 shares or 24.48% in the most recent quarter. The Hedge Fund company now holds 5,954,200 shares of TWO which is valued at $46,264,134. Two Harbors Investment Corp makes up approx 13.43% of Delphi Financial Group’s portfolio.

Two Harbors Investment Corp opened for trading at $8.37 and hit $8.42 on the upside on Tuesday, eventually ending the session at $8.39, with a gain of 0.48% or 0.04 points. The heightened volatility saw the trading volume jump to 26,33,610 shares. Company has a market cap of $2,916 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 .Shares were Reiterated by Wunderlich on Feb 4, 2016 to “Hold” and Lowered the Price Target to $ 9.50 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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