Wolverine Asset Management LLC Acquires 466,957 Shares of Two Harbors Investments Corp $TWO

Wolverine Asset Management LLC grew its holdings in shares of Two Harbors Investments Corp (NYSE:TWO) by 168.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 744,028 shares of the real estate investment trust’s stock after acquiring an additional 466,957 shares during the period. Wolverine Asset Management LLC owned about 0.71% of Two Harbors Investments worth $8,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in Two Harbors Investments in the 1st quarter worth $3,344,000. Advisors Asset Management Inc. lifted its position in shares of Two Harbors Investments by 29.2% during the 1st quarter. Advisors Asset Management Inc. now owns 754,400 shares of the real estate investment trust’s stock valued at $10,079,000 after buying an additional 170,586 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Two Harbors Investments during the 1st quarter valued at approximately $1,627,000. Y Intercept Hong Kong Ltd increased its holdings in Two Harbors Investments by 593.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 137,674 shares of the real estate investment trust’s stock worth $1,483,000 after acquiring an additional 117,825 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Two Harbors Investments by 10.6% during the 1st quarter. Millennium Management LLC now owns 1,206,549 shares of the real estate investment trust’s stock worth $16,119,000 after acquiring an additional 115,698 shares during the period. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investments Trading Down 2.4%

Shares of Two Harbors Investments stock opened at $9.41 on Friday. Two Harbors Investments Corp has a twelve month low of $9.30 and a twelve month high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $9.88 and a 200-day moving average price of $10.46. The firm has a market cap of $979.62 million, a price-to-earnings ratio of -3.76 and a beta of 1.28.

Two Harbors Investments (NYSE:TWO) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of ($23.50) million during the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. Equities research analysts anticipate that Two Harbors Investments Corp will post 0.81 EPS for the current fiscal year.

Two Harbors Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Friday, October 3rd were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 14.5%. The ex-dividend date was Friday, October 3rd. Two Harbors Investments’s payout ratio is currently -54.40%.

Insider Transactions at Two Harbors Investments

In other Two Harbors Investments news, CIO Nicholas Letica sold 8,654 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $10.02, for a total transaction of $86,713.08. Following the completion of the transaction, the executive owned 160,281 shares in the company, valued at $1,606,015.62. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TWO. JPMorgan Chase & Co. increased their price objective on shares of Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Maxim Group lowered their price objective on Two Harbors Investments from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Citizens Jmp reiterated a “market perform” rating on shares of Two Harbors Investments in a research report on Thursday, July 3rd. JMP Securities reissued a “market perform” rating on shares of Two Harbors Investments in a research note on Thursday, July 3rd. Finally, UBS Group lowered their price target on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Two Harbors Investments has a consensus rating of “Hold” and a consensus price target of $12.36.

Two Harbors Investments Profile

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.