Voya Investment Management LLC Sells 39,106 Shares of Two Harbors Investments Corp $TWO

Key Points

• Voya Investment Management LLC reduced its stake in Two Harbors Investments Corp by 57.4%, now holding only 29,067 shares valued at approximately $388,000.
• In recent activity, multiple institutional investors have increased their holdings in Two Harbors, with Smartleaf Asset Management raising its position by 233.0%.
• Two Harbors Investments announced a quarterly dividend of $0.34 per share, representing a 13.8% yield, while the company's total debt-to-equity ratio stands at 1.08.

Voya Investment Management LLC lessened its stake in shares of Two Harbors Investments Corp (NYSE:TWO - Free Report) by 57.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,067 shares of the real estate investment trust's stock after selling 39,106 shares during the quarter. Voya Investment Management LLC's holdings in Two Harbors Investments were worth $388,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in Two Harbors Investments by 68.4% in the 1st quarter. CWM LLC now owns 2,192 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 890 shares during the last quarter. Montag A & Associates Inc. raised its position in 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 purchasing an additional 1,193 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Two Harbors Investments by 233.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 4,552 shares during the last quarter. Wolverine Trading LLC raised its position in Two Harbors Investments by 866.3% in the 4th 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 last quarter. Finally, Federated Hermes Inc. bought a new position in Two Harbors Investments in the 1st quarter valued at $140,000. Institutional investors own 64.19% of the company's stock.

Insider Transactions at Two Harbors Investments

In related news, CIO Nicholas Letica sold 8,654 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $10.02, for a total transaction of $86,713.08. Following the sale, the executive owned 160,281 shares in the company, valued at approximately $1,606,015.62. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citizens Jmp reiterated a "market perform" rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. Maxim Group decreased their target price on Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. UBS Group decreased their target price on Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. Finally, JMP Securities reissued a "market perform" rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Two Harbors Investments currently has an average rating of "Hold" and a consensus price target of $12.43.

Two Harbors Investments Stock Performance

Shares of Two Harbors Investments stock opened at $9.84 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -2.76 and a beta of 1.28. The stock's 50-day moving average is $10.01 and its 200-day moving average is $10.95. Two Harbors Investments Corp has a one year low of $9.49 and a one year high of $14.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.07 and a quick ratio of 1.07.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, meeting 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 company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. 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 business also recently announced 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 13.8%. The ex-dividend date is Friday, October 3rd. Two Harbors Investments's dividend payout ratio is presently -43.82%.

About Two Harbors Investments

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.

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