Two Harbors Investment Corp (TWO) : Entrustpermal Management reduced its stake in Two Harbors Investment Corp by 8.16% during the most recent quarter end. The investment management company now holds a total of 272,433 shares of Two Harbors Investment Corp which is valued at $2,454,621 after selling 24,200 shares in Two Harbors Investment Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Two Harbors Investment Corp makes up approximately 1.18% of Entrustpermal Management’s portfolio.
Other Hedge Funds, Including , Outfitter Advisors Ltd. reduced its stake in TWO by selling 300 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 36,785 shares of TWO which is valued at $331,433. Two Harbors Investment Corp makes up approx 0.14% of Outfitter Advisors Ltd.’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in TWO in the latest quarter, The investment management firm added 10,800 additional shares and now holds a total of 170,625 shares of Two Harbors Investment Corp which is valued at $1,532,213. Two Harbors Investment Corp makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Cable Hill Partners reduced its stake in TWO by selling 890 shares or 99.66% in the most recent quarter. The Hedge Fund company now holds 3 shares of TWO which is valued at $27.Bb&t Securities boosted its stake in TWO in the latest quarter, The investment management firm added 4,076 additional shares and now holds a total of 18,240 shares of Two Harbors Investment Corp which is valued at $163,430.Commonwealth Equity Services Inc reduced its stake in TWO by selling 2,648 shares or 7.19% in the most recent quarter. The Hedge Fund company now holds 34,175 shares of TWO which is valued at $306,208.
Two Harbors Investment Corp opened for trading at $9.05 and hit $9.175 on the upside on Wednesday, eventually ending the session at $9.15, with a gain of 0.88% or 0.08 points. The heightened volatility saw the trading volume jump to 1,774,011 shares. Company has a market cap of $3,181 M.
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.