Redhawk Wealth Advisors Inc. Makes New $740,000 Investment in Two Harbors Investment Corp. (NYSE:TWO)

Redhawk Wealth Advisors Inc. acquired a new position in shares of Two Harbors Investment Corp. (NYSE:TWO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 55,360 shares of the real estate investment trust's stock, valued at approximately $740,000. Redhawk Wealth Advisors Inc. owned 0.05% of Two Harbors Investment at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Simplicity Wealth LLC purchased a new stake in Two Harbors Investment during the 1st quarter worth approximately $2,246,000. GAMMA Investing LLC lifted its stake in Two Harbors Investment by 1,983.8% in the first quarter. GAMMA Investing LLC now owns 21,109 shares of the real estate investment trust's stock valued at $282,000 after buying an additional 20,096 shares during the last quarter. Wolverine Trading LLC increased its holdings in shares of Two Harbors Investment by 866.3% during the fourth quarter. Wolverine Trading LLC now owns 10,533 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 9,443 shares during the period. ProShare Advisors LLC increased its holdings in shares of Two Harbors Investment by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 31,290 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 9,631 shares during the period. Finally, Millennium Management LLC grew its holdings in Two Harbors Investment by 1,052.4% during the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock worth $12,905,000 after acquiring an additional 996,188 shares during the period. Institutional investors and hedge funds own 64.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Two Harbors Investment from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. JMP Securities lowered their price objective on Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen cut Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada lowered their price target on Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $13.14.

Two Harbors Investment Price Performance

Two Harbors Investment stock traded up $0.07 on Thursday, reaching $10.98. The company's stock had a trading volume of 913,466 shares, compared to its average volume of 1,274,915. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 5.20 and a beta of 1.27. The business's fifty day moving average price is $11.29 and its 200 day moving average price is $12.13. Two Harbors Investment Corp. has a twelve month low of $10.16 and a twelve month high of $14.28.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. The firm had revenue of ($20.33) million for the quarter, compared to analyst estimates of ($28.53) million. Equities analysts expect that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 16.39%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's dividend payout ratio (DPR) is presently -352.94%.

About Two Harbors Investment

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.