Traders Buy Large Volume of Two Harbors Investment Call Options (NYSE:TWO)

Two Harbors Investment Corp. (NYSE:TWO) saw unusually large options trading on Thursday. Traders purchased 10,196 call options on the stock. This represents an increase of 976% compared to the typical volume of 948 call options.

TWO has been the subject of a number of recent research reports. BTIG Research reaffirmed a “hold” rating on shares of Two Harbors Investment in a research report on Friday, May 7th. Zacks Investment Research upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Saturday, May 22nd. Finally, TheStreet upgraded Two Harbors Investment from a “d” rating to a “c” rating in a research note on Wednesday, May 26th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Two Harbors Investment currently has a consensus rating of “Hold” and a consensus target price of $6.79.

In related news, Director Thomas Siering sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $6.98, for a total value of $1,396,000.00. Following the completion of the transaction, the director now directly owns 549,706 shares in the company, valued at approximately $3,836,947.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of TWO. Massachusetts Financial Services Co. MA increased its holdings in Two Harbors Investment by 12.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,108,729 shares of the real estate investment trust’s stock worth $66,767,000 after purchasing an additional 994,768 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of Two Harbors Investment by 21.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 6,871,391 shares of the real estate investment trust’s stock valued at $43,771,000 after acquiring an additional 1,191,496 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Two Harbors Investment by 2.1% during the fourth quarter. Nuveen Asset Management LLC now owns 4,324,503 shares of the real estate investment trust’s stock worth $27,547,000 after purchasing an additional 90,432 shares during the period. Geode Capital Management LLC raised its position in shares of Two Harbors Investment by 8.8% during the first quarter. Geode Capital Management LLC now owns 4,311,792 shares of the real estate investment trust’s stock worth $31,605,000 after purchasing an additional 348,242 shares during the period. Finally, Norges Bank acquired a new position in shares of Two Harbors Investment during the fourth quarter worth approximately $19,613,000. Institutional investors own 59.08% of the company’s stock.

NYSE:TWO opened at $7.61 on Friday. The company has a 50-day simple moving average of $7.37. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 5.60 and a beta of 1.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. Two Harbors Investment has a twelve month low of $4.62 and a twelve month high of $7.89.

Two Harbors Investment (NYSE:TWO) last posted its earnings results on Wednesday, May 5th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Two Harbors Investment had a net margin of 147.30% and a return on equity of 13.10%. As a group, sell-side analysts anticipate that Two Harbors Investment will post 0.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 29th. Stockholders of record on Monday, March 29th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.94%. Two Harbors Investment’s dividend payout ratio (DPR) is 87.18%.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

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