NINE MASTS CAPITAL Ltd Makes New Investment in Two Harbors Investments Corp $TWO

Key Points

• NINE MASTS CAPITAL Ltd acquired 90,600 shares of Two Harbors Investments, valued at approximately $2.29 million, giving it a 0.09% stake. Institutional investors collectively own 64.19% of the company.
• Two Harbors reported quarterly EPS of $0.28, in line with analyst expectations, and declared a $0.34 quarterly dividend, equivalent to a 11.2% annualized yield.
• The stock was trading near $12.18, while analysts maintained a consensus “Hold” rating with an average price target of $12.75.

NINE MASTS CAPITAL Ltd bought a new stake in Two Harbors Investments Corp (NYSE:TWO - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 90,600 shares of the real estate investment trust's stock, valued at approximately $2,292,000. NINE MASTS CAPITAL Ltd owned about 0.09% of Two Harbors Investments as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Quantinno Capital Management LP raised its stake in Two Harbors Investments by 243.0% during the 1st quarter. Quantinno Capital Management LP now owns 139,717 shares of the real estate investment trust's stock valued at $1,596,000 after acquiring an additional 98,987 shares during the last quarter. UBS Group AG grew its stake in shares of Two Harbors Investments by 42.3% in the 4th quarter. UBS Group AG now owns 1,564,418 shares of the real estate investment trust's stock valued at $16,426,000 after purchasing an additional 464,929 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Two Harbors Investments by 200.0% in the 1st quarter. Gabelli Funds LLC now owns 150,000 shares of the real estate investment trust's stock valued at $1,713,000 after purchasing an additional 100,000 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Two Harbors Investments in the second quarter valued at approximately $211,685,000. Finally, Man Group plc acquired a new position in shares of Two Harbors Investments in the second quarter valued at approximately $10,318,000. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investments Stock Performance

NYSE TWO opened at $12.18 on Monday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -16.46 and a beta of 1.04. The business's 50 day moving average is $12.13 and its two-hundred day moving average is $11.61. Two Harbors Investments Corp has a 12-month low of $11.98 and a 12-month high of $12.19. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85.

Two Harbors Investments (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Two Harbors Investments had a positive return on equity of 12.79% and a negative net margin of 6.09%.The business had revenue of $247.57 million during the quarter, compared to analysts' expectations of $9.45 million. Research analysts expect that Two Harbors Investments Corp will post 0.89 EPS for the current year.

Two Harbors Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a $0.34 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.36 annualized dividend and a yield of 11.2%. Two Harbors Investments's dividend payout ratio is presently -64.86%.

Wall Street Analysts Forecast Growth

TWO has been the subject of several recent research reports. BTIG Research reaffirmed a "neutral" rating on shares of Two Harbors Investments in a report on Wednesday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of Two Harbors Investments from $11.00 to $12.00 and gave the company an "underweight" rating in a research note on Friday, July 17th. Zacks Research upgraded shares of Two Harbors Investments from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their target price on shares of Two Harbors Investments from $11.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $13.00 target price on shares of Two Harbors Investments in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Two Harbors Investments currently has a consensus rating of "Hold" and an average price target of $12.75.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.

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