HL Financial Services LLC Has $951,000 Position in Two Harbors Investments Corp (TWO)

HL Financial Services LLC trimmed its holdings in Two Harbors Investments Corp (NYSE:TWO) by 18.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,372 shares of the real estate investment trust’s stock after selling 20,950 shares during the period. HL Financial Services LLC owned about 0.05% of Two Harbors Investments Corp worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Optimum Investment Advisors grew its stake in Two Harbors Investments Corp by 0.7% in the second quarter. Optimum Investment Advisors now owns 17,687 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 117 shares during the period. CIBC World Markets Inc. grew its stake in Two Harbors Investments Corp by 1.1% in the second quarter. CIBC World Markets Inc. now owns 15,140 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 162 shares during the period. World Asset Management Inc grew its stake in Two Harbors Investments Corp by 1.4% in the second quarter. World Asset Management Inc now owns 12,582 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 175 shares during the period. Cadence Capital Management LLC grew its stake in Two Harbors Investments Corp by 1.6% in the second quarter. Cadence Capital Management LLC now owns 12,310 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 190 shares during the period. Finally, Utah Retirement Systems grew its stake in Two Harbors Investments Corp by 0.4% in the second quarter. Utah Retirement Systems now owns 63,362 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 262 shares during the period.

A number of research analysts have issued reports on TWO shares. Zacks Investment Research raised Two Harbors Investments Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, October 25th. ValuEngine raised Two Harbors Investments Corp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 2nd. Barclays PLC boosted their target price on Two Harbors Investments Corp from $10.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday. BidaskClub cut Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $20.00 target price on shares of Two Harbors Investments Corp in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.50.

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In related news, major shareholder Two Harbors Investment Corp. bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were acquired at an average price of $18.82 per share, for a total transaction of $470,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Taylor bought 32,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $10.06 per share, for a total transaction of $321,920.00. Following the acquisition, the director now directly owns 51,865 shares of the company’s stock, valued at approximately $521,761.90. The disclosure for this purchase can be found here. Insiders have bought 158,144 shares of company stock valued at $2,694,393 over the last ninety days. 1.16% of the stock is owned by insiders.

Two Harbors Investments Corp (NYSE:TWO) traded up $0.01 during mid-day trading on Monday, hitting $15.35. The stock had a trading volume of 3,362,900 shares, compared to its average volume of 1,367,554. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2,680.00 and a PE ratio of 7.34. Two Harbors Investments Corp has a 52 week low of $15.21 and a 52 week high of $21.08.

Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.24. The company had revenue of $115.03 million during the quarter, compared to analysts’ expectations of $112.87 million. Two Harbors Investments Corp had a return on equity of 10.27% and a net margin of 63.23%. Two Harbors Investments Corp’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. sell-side analysts anticipate that Two Harbors Investments Corp will post 2.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were given a dividend of $0.52 per share. This is a boost from Two Harbors Investments Corp’s previous quarterly dividend of $0.26. This represents a $2.08 annualized dividend and a dividend yield of 13.55%. The ex-dividend date was Thursday, September 28th. Two Harbors Investments Corp’s dividend payout ratio is currently 71.72%.

About Two Harbors Investments Corp

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.

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Institutional Ownership by Quarter for Two Harbors Investments Corp (NYSE:TWO)

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