GSA Capital Partners LLP Purchases Shares of 49,853 Two Harbors Investments Corp (NYSE:TWO)

Key Points

• GSA Capital Partners LLP made a new investment in Two Harbors Investments Corp, purchasing 49,853 shares valued at approximately $666,000.
• Several institutional investors have significantly increased their holdings in the company, with CWM LLC growing its stake by 68.4% and Wolverine Trading LLC by 866.3%.
• Two Harbors Investments has faced recent downgrades by brokerages, with Wall Street Zen lowering its rating from "hold" to "sell" and analysts predicting a consensus target price of $12.88 for the stock.

GSA Capital Partners LLP acquired a new position in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 49,853 shares of the real estate investment trust's stock, valued at approximately $666,000.

Several other large investors also recently added to or reduced their stakes in TWO. CWM LLC lifted its holdings in Two Harbors Investments by 68.4% during the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock worth $29,000 after buying an additional 890 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Two Harbors Investments by 818.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,325 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,963 shares during the last quarter. Montag A & Associates Inc. increased its holdings in shares of Two Harbors Investments by 29.2% in the 1st quarter. Montag A & Associates Inc. now owns 5,285 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 1,193 shares during the period. Wolverine Trading LLC boosted its stake in shares of Two Harbors Investments by 866.3% during the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock worth $122,000 after buying an additional 9,443 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of Two Harbors Investments in the first quarter valued at approximately $140,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Stock Performance

Shares of NYSE:TWO traded up $0.20 during trading on Monday, hitting $9.98. 2,094,909 shares of the company traded hands, compared to its average volume of 2,367,534. Two Harbors Investments Corp has a one year low of $9.67 and a one year high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -2.80 and a beta of 1.25. The business's fifty day moving average is $10.50 and its 200-day moving average is $11.81.

Two Harbors Investments (NYSE:TWO - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. The firm had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. As a group, equities analysts predict that Two Harbors Investments Corp will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investments Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 15.6%. Two Harbors Investments's payout ratio is currently -43.82%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TWO shares. JPMorgan Chase & Co. dropped their price objective on Two Harbors Investments from $12.50 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. UBS Group reduced their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of Two Harbors Investments from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price objective on Two Harbors Investments from $12.95 to $13.25 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Two Harbors Investments has a consensus rating of "Hold" and a consensus target price of $12.88.

Two Harbors Investments Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.