MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Two Harbors Investments Corp $TWO

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Two Harbors Investments Corp by 12.7%, owning a total of 890,627 shares worth approximately $11.9 million.
• Several hedge funds have significantly increased their positions in Two Harbors, with CWM LLC growing its stake by 68.4% during the same period.
• Analysts have mixed opinions on the stock, with research firms reducing price targets and assigning ratings ranging from "buy" to "hold," reflecting varied confidence in Two Harbors' future performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) by 12.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 890,627 shares of the real estate investment trust's stock after purchasing an additional 100,311 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.86% of Two Harbors Investments worth $11,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Two Harbors Investments by 36.7% during the 1st quarter. LPL Financial LLC now owns 161,247 shares of the real estate investment trust's stock valued at $2,154,000 after purchasing an additional 43,253 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Two Harbors Investments during the 4th quarter valued at about $172,000. Public Sector Pension Investment Board boosted its holdings in shares of Two Harbors Investments by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 328,814 shares of the real estate investment trust's stock valued at $4,393,000 after purchasing an additional 70,584 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Two Harbors Investments by 5.8% in the 4th quarter. Northern Trust Corp now owns 1,181,547 shares of the real estate investment trust's stock valued at $13,978,000 after acquiring an additional 65,194 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Two Harbors Investments by 44.5% in the 1st quarter. New York State Teachers Retirement System now owns 33,831 shares of the real estate investment trust's stock valued at $452,000 after acquiring an additional 10,414 shares during the last quarter. Institutional investors own 64.19% of the company's stock.

Two Harbors Investments Stock Up 0.0%

TWO stock traded up $0.01 during trading on Monday, hitting $10.06. 380,405 shares of the company's stock traded hands, compared to its average volume of 1,700,343. The firm has a market capitalization of $1.05 billion, a P/E ratio of -2.82 and a beta of 1.28. The business has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $11.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. Two Harbors Investments Corp has a 1 year low of $9.49 and a 1 year high of $14.28.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. Sell-side analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Friday, October 3rd. Two Harbors Investments's dividend payout ratio (DPR) is presently -38.20%.

Insider Transactions at Two Harbors Investments

In related news, CIO Nicholas Letica sold 8,654 shares of Two Harbors Investments stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the transaction, the executive directly owned 160,281 shares of the company's stock, valued at $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TWO has been the subject of a number of analyst reports. UBS Group lowered their price target on shares of Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, September 3rd. Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Royal Bank Of Canada lowered their price target on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating for the company in a report on Wednesday, May 28th. JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Finally, Maxim Group lowered their price target on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.43.

Two Harbors Investments Company 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.