Two Harbors Investment Corp (TWO) : Beck Capital Management added new position in Two Harbors Investment Corp during the most recent quarter end. The investment management firm now holds 283,037 shares of Two Harbors Investment Corp which is valued at $2,550,163 , the company said in a statement filed on Aug 15, 2016 with the SEC.Two Harbors Investment Corp makes up approximately 1.57% of Beck Capital Management’s portfolio.
Other Hedge Funds, Including , Qs Investors boosted its stake in TWO in the latest quarter, The investment management firm added 325,329 additional shares and now holds a total of 332,455 shares of Two Harbors Investment Corp which is valued at $2,995,420. Two Harbors Investment Corp makes up approx 0.02% of Qs Investors’s portfolio.Geode Capital Management boosted its stake in TWO in the latest quarter, The investment management firm added 43,103 additional shares and now holds a total of 2,487,602 shares of Two Harbors Investment Corp which is valued at $22,413,294. Two Harbors Investment Corp makes up approx 0.01% of Geode Capital Management’s portfolio.Swiss National Bank reduced its stake in TWO by selling 19,600 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 576,100 shares of TWO which is valued at $5,058,158. Two Harbors Investment Corp makes up approx 0.01% of Swiss National Bank’s portfolio.
Two Harbors Investment Corp closed down -0.03 points or -0.34% at $8.87 with 12,23,361 shares getting traded on Thursday. Post opening the session at $8.95, the shares hit an intraday low of $8.81 and an intraday high of $8.95 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Two Harbors Investment Corp reported $0.22 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.22. The company had revenue of $100.80 million for the quarter, compared to analysts expectations of $95.48 million. The company’s revenue was down -14.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Two Harbors Investment Corp. FBR Capital Downgraded Two Harbors Investment Corp on Sep 6, 2016 to ” Mkt Perform”, Price Target of the shares are set at $9.Company shares were Reiterated by Wunderlich on Aug 5, 2016 to “Hold”, Firm has raised the Price Target to $ 9.50 from a previous price target of $8.75 .
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.